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Avoid These Stocks Like the Plague
Special to FreeRepublic ^ | 22 May 2006 | John Armor (Congressman Billybob)

Posted on 05/22/2006 2:16:22 PM PDT by Congressman Billybob

Everyone on the Internet gets a lot of spam. This is my effort to fight back against anonymous people peddling fraudulent stocks to the gullible. I’m going to name names, and encourage these pond scum to come out from the shadows and sue me for “defaming” them.

For more than a year, I have been barraged with stock tips from non-existent people with non-existent return addresses, touting penny stocks that are not on any exchange. Each of these e-mails has an odd subject not referencing stocks, with intent to sneak by e-mail filters. I harvested four days of these. Here are the results.

A typical scam e-mail begins:

Investor Alert - WE HAVE A RUNNER ! Company: China World Trade Corporation Symbol: CWTD.OB Current Price: $1.52 Short Term Target: $2.5 - $3 Recommendation: STRONG BUY Rating: 10 (10)

Take Advantage of the current price on Thursday, we expect to see it begin climbing Friday, Monday and Tuesday in anticipation of the coming news.

Of course, this strong recommendation comes from a non-existent source, “Lawrence Cherry,” with a fictitious subject, “pumice acutely.” Several questions come to mind. Who are the “we” behind this e-mail? If the stock is going to nearly double in the next few days, why don’t the current owners hold the stock and pocket the profits, rather than send e-mails to strangers offering profits?

Besides, I’ve heard of China World Trade in fake e-mails before. About six months as I recall, and always with the same message – get in now, the stock’s going to skyrocket. It reminds me of an earnest young man outside the Metro North Farragut Metro stop in D.C. a while back, carrying a sign that “the world will end on 19 September.” On the 20th of September, the young man was gone. At least he had the integrity to make his prediction in person, and put a date on it, so the results could be checked.

From its marketing by spam e-mails alone, I conclude that China World Trade Corporation is a fraud, and that everyone involved in selling this stock is trying to cheat the unwary out of their hard-earned dollars. The difference between these people and a pickpocket is these folks let you use your own hands.

If those people don’t like my considered opinion, I invite them to sue me. That will smoke them out of their holes, and allow me to counter-sue them for abuse of the Internet and wasting my time to throw away their junk, perhaps two dozen times.

I got the exact same recommendation about CWTC from Louisa Sanchez “calculation;” Jessy Rowland “right-hand man;” and Fred Bishop “amass.”

And now for some other stocks that you should not touch with a ten-foot barge pole.

Abigail Milton, under the title “Being adjust it’s evans,” wrote of offer me a fine opportunity in Deep Earth Resources, Inc., with a “Current Price of $0.008" and a “Short Term Target Price of $0.07.” That’s not a misprint. This stock is less than a penny. Its symbol is DPER.PK. This dog is kenneled in Singapore.

Why is this stock going to “rocket up quickly”? Well, the directors have just “changed the Company name [and] initiated efforts to identify acquisition and joint venture opportunities within the energy sector.” Wow! That’s enough to make me grab for my checkbook. Not.

Again, based on its marketing, I conclude Deep Earth is a fraud, and all associated with its stock sales are swindlers.

Joey Morrison, “deduction oversee,” wrote me to tout HE-5 Resources Corp,, symbol HRRP, price $0.073. This is a “growth-oriented emerging natural resources company.” It “intends to invest ... in mining projects.” This e-mail does contain fine print at the bottom that the unidentified sellers have received four million shares “free” from a “third party not an officer” for their fine services.

It ends with the this caveat, which all these stock e-mails ought to contain. “There is substantial doubt about [the Company’s] ability to continue as a going concern.... Warning: You can lose all your money by investing in this stock.” Because of this caveat, put the peddlers of HRRP down as “honest” swindlers.

Gloria Mckay, “single ruinous,” was also kind enough to write me about the fine opportunities for investing in HRRP. So was David Harrington, “steering deportation.”

Mind you, I don’t suggest any government regulation of the Internet. As the noted scholar Peter Drucker wrote, “Every government program in the 20th Century has achieved the opposite of its intended effect, except for warfare.” Just give us citizens of the Net the right to sue the socks off everyone associated with this spam, including the ISPs that communicate this swill, and we will solve this problem PDQ.

About the Author: John Armor still might be a candidate for Congress in the 11th District of North Carolina. John_Armor@aya.yale.edu


TOPICS: Your Opinion/Questions
KEYWORDS: chinaworldtrade; deepearthresources; fraudulentemails; he5resources; internet; losemoney; spam; stocks
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I'm sure I state a complaint that most (all) Freepers have also experienced. I just decided to use my column as a soap box against these scammers.

John / Billybob

1 posted on 05/22/2006 2:16:23 PM PDT by Congressman Billybob
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To: Congressman Billybob

Seems that there is money to be made in a email filter that actually works... I'd buy one...


2 posted on 05/22/2006 2:18:45 PM PDT by cbkaty (I may not always post...but I am always here......)
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To: Congressman Billybob

Bump for later read.


3 posted on 05/22/2006 2:22:30 PM PDT by DB (©)
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To: Congressman Billybob

pump and dump


4 posted on 05/22/2006 2:22:31 PM PDT by Calpernia (Breederville.com)
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To: Congressman Billybob
Welcome to the digital boiler room!

How many people actually buy these things based on an email with a nonsense headline?

5 posted on 05/22/2006 2:22:48 PM PDT by nickcarraway
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To: Congressman Billybob
Any company that allows its name to be advertised via spam deserves to be boycotted. Yes and that includes Viagra.
6 posted on 05/22/2006 2:23:37 PM PDT by Ben Mugged (If you can read this, thank a teacher. If you are reading it in English, thank a soldier.)
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To: Congressman Billybob
I've experienced a couple of cases involving a different type of stock swindle . . . A person calls on the phone when you're not home and leaves a personal message for someone you've never heard of (which leads you to believe they simply had the wrong number). The message contains a veiled reference to a "hot stock" -- usually a company that the person leaving the message claims to be working for. The message goes something like this . . .

"Hey Sally, it's Kim -- just wondering what's up with you. I gotta cancel our dinner plans for tomorrow, since I'm working on a new project for So-And-So Corp. that really looks like it's going somewhere, and I'll be in the office late reviewing the sales projections, yada-yada-yada. Call me tonight and I'll tell you all about it!"

7 posted on 05/22/2006 2:26:11 PM PDT by Alberta's Child (Can money pay for all the days I lived awake but half asleep?)
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To: Congressman Billybob

There really ought to be a managed investment plan for conservatives, something in the billions that can be used for political muscle. Democrats have the entitlement state to use on their side, basically the whole government.


8 posted on 05/22/2006 2:26:12 PM PDT by SteveMcKing
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To: Congressman Billybob; MeekOneGOP; Conspiracy Guy; DocRock; King Prout; SandyInSeattle; ...
I'd never touch an spammed stock - I'm too busy helping Dr Mbombo Obutu of Nigeria with a GUARANTEED SAFE TRANSACTION that will make me $$$!!!


9 posted on 05/22/2006 2:28:12 PM PDT by Slings and Arrows (When Al Franken had his bris, they threw away the baby and saved the foreskin.)
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To: cbkaty

Well, an active filter - [treating everything as spam, and filtering EVERYTHING off, save what you manually instruct it to pass] could work.


10 posted on 05/22/2006 2:28:25 PM PDT by GSlob
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To: Congressman Billybob

This may be harsh, but for anyone to invest without due diligence is courting disaster.

Greed over responsibility...

Ya gets what ya deserve sometimes..


11 posted on 05/22/2006 2:28:28 PM PDT by OpusatFR ( ALEA IACTA EST. We have just crossed the Rubicon.)
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To: Congressman Billybob

Go get em John.

I get these spams all the time.

We should be able to file a class action for all the worn out finger tendons as a result of having to hit the delete button.


12 posted on 05/22/2006 2:28:54 PM PDT by A message
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To: SteveMcKing

8 - "There really ought to be a managed investment plan for conservatives,"

interesting idea, please expand.


13 posted on 05/22/2006 2:29:47 PM PDT by XBob (jJail the employers of the INVADERS !!)
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To: cbkaty
Seems that there is money to be made in a email filter that actually works... I'd buy one...

The most efficient email filter is the educated human brain. Look at the following subject lines quoted in the article, and take a wild guess what gives them all away...

pumice acutely
Right hand man
Amass
Deduction oversee
single ruinous
steering deportation

All are subject lines and all are random words strung together that have absolutely no meaning.
It is obvious that they were chosen by people who have no grasp of the English language.

Why would anyone think there is anything honest about such a non-sensical email?

14 posted on 05/22/2006 2:31:07 PM PDT by Publius6961 (Multiculturalism is the white flag of a dying country)
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To: cbkaty

The only way to beat the spam parade is to use a separate email address for all online purchases, registrations, etc., and never allow your business or personal email addresses to be coded on a web page unencrypted.


15 posted on 05/22/2006 2:31:39 PM PDT by Jeff Chandler (Build the fence. Sí, Se Puede!)
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To: Congressman Billybob

I deleted about 10 of these this morning from my bulk email. I never even open them. If it sounds to good to be true....


16 posted on 05/22/2006 2:32:00 PM PDT by Bahbah (“KERRY LIED!! SCHOLARLY ATTRIBUTION DIED!!!”)
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To: Congressman Billybob
Deep Earth Resources, Inc., with a “Current Price of $0.008" and a “Short Term Target Price of $0.07.” That’s not a misprint. This stock is less than a penny.

I can afford one share. Send my $0.062 profit to my home address.

17 posted on 05/22/2006 2:33:24 PM PDT by Larry Lucido
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To: Congressman Billybob
These are pretty good (been following this guy's stocks since December 2005, and he's spot on about 8 out of 10 times):

http://smartstockinvestment.blogspot.com/

http://pennystockpick.blogspot.com/

18 posted on 05/22/2006 2:33:32 PM PDT by jdm
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To: Bahbah
I never even open them.

Good practice.

19 posted on 05/22/2006 2:33:36 PM PDT by Jeff Chandler (Build the fence. Sí, Se Puede!)
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To: Congressman Billybob
I started getting these about 4-5 months ago. I just put my Junk Mail Preferences back to "training" for a week, and now they go directly where the belong, in the JUNK MAIL folder.

The down side is that I've missed 15-20 winning Euro-Lottery drawings in that same time...

20 posted on 05/22/2006 2:33:51 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Publius6961
single ruinous

That's my nickname.

21 posted on 05/22/2006 2:34:38 PM PDT by Larry Lucido
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To: Larry Lucido
Will that be cash, or check?

You'll need to send a self-addressed stamped envelop to...

22 posted on 05/22/2006 2:35:02 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Congressman Billybob

Oh, don't be silly. If it wasn't true they'd never allow it on the Internet.


23 posted on 05/22/2006 2:36:01 PM PDT by Billthedrill
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To: Congressman Billybob
Those that target me seem to think that I need a larger penis and a better mortgage rate, not investment advice. But as a rule of thumb it's always a bad idea to invest in stocks based on someone else's claim of future gains.

Those that have legitimate reasons to believe that a stock will increase in value tend to keep it to themselves.
24 posted on 05/22/2006 2:36:20 PM PDT by Jaysun (Even with a paddle, shit creek ain't no picnic.)
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To: Congressman Billybob

Someone must have sold my email to these bastards.

In about two weeks starting three weeks ago, I was receiving 5 to 6 of these scams per day. My blocker seems to sort out most of them and send them to the slow moving trail to be disposed of.


25 posted on 05/22/2006 2:36:58 PM PDT by Grampa Dave (There's a dwindling market for Marxist homosexual lunatic wet dreams posing as journalism)
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To: Izzy Dunne; Cagey; MotleyGirl70

No, signing a hundred or so 8-cent checks every day makes my hand cramp. The other day a downpour ruined them all on my way to the bank.


26 posted on 05/22/2006 2:37:43 PM PDT by Larry Lucido
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To: XBob

Well, I know little about the subject, but superficially-

We could call it "The Patriot Fund" or whatever. You give your money to people with financial degrees, and they invest it in a wide array of businesses - not just conservative ones. Much like a 401K I guess.

Then when a company does something like donate to the Jess Jackson/Rainbow Coalition, or sponsers a gay event, etc., we would dump the stock in punishment, no matter its value.

Of course the details would need to be worked out, or else the whole thing would fail abysmally.


27 posted on 05/22/2006 2:37:52 PM PDT by SteveMcKing
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To: Congressman Billybob

I've been getting 10 of these a week for years. Wish there was a way for my service provider to send back everything that comes from that source.


28 posted on 05/22/2006 2:38:49 PM PDT by Nateman
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To: Congressman Billybob

My basic philosophy is that if it comes in spam or junk mail i never buy it no matter what it is. This greatly simplifies things.


29 posted on 05/22/2006 2:39:14 PM PDT by gondramB (He who angers you, in part, controls you. But he may not enjoy what the rest of you does about it.)
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To: Nateman

Smith and Wesson. SWB.


30 posted on 05/22/2006 2:39:19 PM PDT by samadams2000 (Somebody important make The Call.....pitchforks and lanterns.!)
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To: cbkaty

On email filters, the free email from Yahoo.com has a pretty good bulk mail filter built in. I have used it for years and find it separates out most spam from my real messages.


31 posted on 05/22/2006 2:39:48 PM PDT by RicocheT
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To: Larry Lucido; Izzy Dunne; Cagey; MotleyGirl70
JERRY: What kind of company is it?

GEORGE: It’s called Sendrax. They’ve got some new kind of technique for televising opera.

ELAINE: Televising opera?

GEORGE: Some sort of electronic thingy.
32 posted on 05/22/2006 2:40:42 PM PDT by jdm
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To: Congressman Billybob

Oh boy! A company with 200% return in only a short period of time and no risk! ...



</common sense>

</intelligence>


33 posted on 05/22/2006 2:40:47 PM PDT by canuck_conservative
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To: XBob

I just cruised over to DrudgeReport... "Sequel Fever: Sony Has Da Vinci II and III".

Perfect example of such a company.


34 posted on 05/22/2006 2:41:04 PM PDT by SteveMcKing
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To: Slings and Arrows
I'd never touch an spammed stock - I'm too busy helping Dr Mbombo Obutu of Nigeria with a GUARANTEED SAFE TRANSACTION that will make me $$$!!!

BACK OFF you freeloader! He and I have already made a deal and it's only hours from being finished.
35 posted on 05/22/2006 2:41:07 PM PDT by Jaysun (Even with a paddle, shit creek ain't no picnic.)
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To: Nateman

"I've been getting 10 of these a week for years. Wish there was a way for my service provider to send back everything that comes from that source."

I host my email at Lunarpages - its only $7 bucks a month for email and web page and includes many freebies like nearly 100% effective spam filtering.


36 posted on 05/22/2006 2:41:51 PM PDT by gondramB (He who angers you, in part, controls you. But he may not enjoy what the rest of you does about it.)
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To: Congressman Billybob

I get that crap all the time, it goes straight in my spam blacklist folder. But those f-ing creeps keep changing their email addresses, so the spam filter doesn't do much.


37 posted on 05/22/2006 2:43:00 PM PDT by lesser_satan (EKTHELTHIOR!!!)
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To: Congressman Billybob

Thanx for the info.The only people who make any money off those stocks are the crooks selling them.Read a good article several yrs back about the prevelance of outfits like these hawking stocks of questionable value.Basically con-artists in suits.


38 posted on 05/22/2006 2:44:07 PM PDT by Thombo2
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To: Congressman Billybob; Alberta's Child

Trying to put a stop to such things is a large part of my day in and day out working life.

The scam is called a "pump and dump". What happens is company insiders or associates or scum stock brokerage firms take or acquire a position in a penny stock. Volume on the stock is generated, soometimes with related party trades, sometimes with spam e-mails, and sometimes with the BS "phone messages" that Alberta's Child referred to.

The idea is to get the stock to increase in value by hyping it and making it look like there is an active or growing market (pump) and then when it gets to a certain point, the scammers in the know unload their positions for a tidy profit (dump).

I probably should have made this offer years ago, but if any FReeper is considering investing with an individual or firm that you want checked out, FReepmail me, and I may be able to save you some money. At the very least, I might be able to cut down on my workload downstream.

Amazing how many rotten people there are in the world that do rotten things to other people, just for a few bucks.


39 posted on 05/22/2006 2:44:16 PM PDT by L,TOWM (Liberals, The Other White Meat)
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To: Congressman Billybob

Even more dangerous than the spam for penny stocks is the MSM business news spam that is essentially the sell side's propaganda organ.

The best commentary on current markets that I have found is Bill Cara at http://www.billcara.com/

I've followed him for some time and find him excellent. Although like me he's Canadian, he offers insightful commentary on the US markets.

He is also helpful in my area of interest, Canadian junior mines.


40 posted on 05/22/2006 2:44:25 PM PDT by headsonpikes (Genocide is the highest sacrament of socialism.)
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To: jdm

???


41 posted on 05/22/2006 2:44:33 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: SteveMcKing; XBob
There is an investment group that claims to invest according to Christian values. They won't support companies that promote abortion, homosexuality, etc. That might be one possibility. I saw them on the news some time ago, I'll try to find their name.
42 posted on 05/22/2006 2:45:30 PM PDT by Jaysun (Even with a paddle, shit creek ain't no picnic.)
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To: Congressman Billybob

I started getting these when I signed up for a recipe e-mail. I've since unsubscribed the recipe service, so I hope these stupid emails will stop.


43 posted on 05/22/2006 2:46:36 PM PDT by Tax-chick (Knights of Columbus martyrs of Mexico, pray for us! Viva Cristo Rey!)
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To: Izzy Dunne

Sorry, thought you were a Seinfeld fan. Must just be the others. Apologies!


44 posted on 05/22/2006 2:46:53 PM PDT by jdm
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To: Thombo2
Basically con-artists in suits.

Ummmm...you mean like 88% of Congresscritters.

45 posted on 05/22/2006 2:50:06 PM PDT by Osage Orange (I am beginning to suspect that some men may have evolved from chickens...........)
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To: SteveMcKing

I agree about the need for a conservative investment group/fund.

And, one for Christians.

Both would do well to search out corporations with serious Christians in their top leadership/ownership--who also have great business savy, wisdom and humility that produced quality products/services with great integrity. Such corporations would at least get a leg up from The Almighty who cherishes honorable business dealings.


46 posted on 05/22/2006 2:51:27 PM PDT by Quix ( PREPARE . . . PRAY . . . PLACE your trust, hope, faith and life in God's hands moment by moment)
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To: jdm

Kramer: What are those?

Jerry: Checks from my Nana.

Kramer: Cash em Jerry, cash em.


47 posted on 05/22/2006 2:52:03 PM PDT by babydoll22 (If you stop growing as a person you live in your own private hell.)
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To: Publius6961

Pumice Acutely has a ring to it. Perhaps that would make a good name for a band?


48 posted on 05/22/2006 2:52:48 PM PDT by ahayes (Yes, I have a devious plot. No, you may not know what it is.)
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To: babydoll22

LOL. Another good one!


49 posted on 05/22/2006 2:53:09 PM PDT by jdm
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To: Congressman Billybob
...and I was slammed, chastised, and berated by a Freeeper a week or so ago about mentioning a stock on an economics thread. I am glad to see you post this note. I know we have several extremely talented people here and would love to see a regular get together to talk stock market. I am sure it would improve my investments.
50 posted on 05/22/2006 2:54:02 PM PDT by devane617 (It's McCain and a Rat -- Now what?)
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