Skip to comments.Avoid These Stocks Like the Plague
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. Im 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 dont the current owners hold the stock and pocket the profits, rather than send e-mails to strangers offering profits?
Besides, Ive 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 stocks 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 dont 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 its 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. Thats 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! Thats 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 Companys] 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 dont 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
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.
Sorry, thought you were a Seinfeld fan. Must just be the others. Apologies!
Ummmm...you mean like 88% of Congresscritters.
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.
Kramer: What are those?
Jerry: Checks from my Nana.
Kramer: Cash em Jerry, cash em.
Pumice Acutely has a ring to it. Perhaps that would make a good name for a band?
LOL. Another good one!
Open the public charts...
Find ThirdEyeOpen postings....
Read them...you might enjoy.
P.S. if you want the PDF version...freepmail me.
Hi headsonpikes! Good to see you.
Been looking at this gold dip with some dry powder just waiting to pull the trigger and get more.
Hope you're doing great.
ELAINE: What's with the claw?
JERRY: Super terrific carpal tunnel syndrome.
Love this one too:
Street tough: Looking for something, lady?
Nana: Isn't the Chemical Bank on this block?
Street tough: The bank? It burned. It's gone!
Nana: Oh dear.
Street tough: Now what you wanna do is go down to forty-ninth street, that's the main customer service branch. Ask for Mr. Fleming. He'll help you.
"Right hand man" and "pumice acutely" don't go together. Trust me.
I loved that show.
With cable, I get to see three re-runs a night.
The thing I really like is that my father and son enjoy it as much as I do. It's great to sit there and laugh together.
We especially like and laugh ourselves silly when the episode " Master of My Domain" comes on. It's a hoot to see three generations laughing about the same thing.
My spouse thinks we're perverted.
I'm no fan of stock scammers, but:
1) Anyone who would buy any stock based on an e-mail from a stranger with no verifiable e-mail address and a subject line reading "pumice acutely", "single ruinous", or "steering deportation" is too stupid to be allowed to handle money in the first place, and might as well buy into these stock scams, because if they don't, they'll just blow their money on a Nigerian e-mail scam instead, and the result will be same for the "investor"; and
2) Some of these companies are perfectly legitimate (though not exactly stellar successes). These e-mail and message board scammers don't necessarily have any connection to the company which issued the stock. They're often just buying random dirt-cheap stock, spreading all this phony publicity around, which causes a bunch of suckers to buy some and drive the price up, and then they quickly sell while the suckers are still buying. This can all happen with no involvement from the issuing company, which may not even find out it happened until after the fact, and can't really do anything to stop it anyway. Attempts to do this sort of thing with major exchange-traded stocks are quickly foiled by the exchanges, but pink sheet and foreign OTC stocks just don't have anyone monitoring the trading in them on a real-time basis.
"Like 88 percent of Congresscritters?"Well....i hope the percentage isn't quite that high:)
I can't figure out how they got my email address, because suddenly I started getting tons of these. Of course I just delete them, but they ARE annoying.
Couldn't prove it by me..... : )
> 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 $$$!!!
DownUnder some of our bored teenagers have turned Nigerian scams into a blood-sport. They answer the ad, and drag the scam artist along for as long as they possibly can. The objective is to collect photos and other identifying material as "trophies". Those, naturally, get placed onto a webpage for bragging rights...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.