At first glance, I thought they were making these up north now.
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
What! You mean my Chinese gold mine stock isn't legit? That sudanese broker swore it would make me millions! Good thing I only bought a dollars worth.
Go get 'em Billybob
I get those too. It's spooky, because I'm always wondering: "How do they KNOW?"
At first glance, I thought they were making these up north now.
Sir or Madam, meet lowbridge. I regret that I don't know the URLs for his masterpieces.
Penny stocks? Tsk, tsk ...
"Deep Earth Resources", I like the sound of that.
And, it did go up 5.26% today! I'm in!
They send out thousands upon thousands. All they need is a fraction of one percent response to make some serious money.
I’m not an investor. People always tell me, you should have your money working for you. I’ve decided I’ll do the work. I’m gonna let the money relax. You know what I mean? ‘Cause you send your money out there – working for you – a lot of times, it gets fired. You go back there, “What happened? I had my money. It was here, it was working for me.” “Yeah, I remember your money. Showing up late. Taking time off. We had to let him go.”
Scamming the scammers does have a certain ring to it.
Charts are interesting, but I'm more of a bottom-fisher when it comes to stocks - lots of DD, then accumulation, then patience.
Nice charts, though. ;^)
I can't seem to get my filter to recognize them. It's because they use "word salad" and there's nothing consistant for the filter to lock onto.
Good to see you're still in the market - this gold bull has only begun to run, imho.
My portfolio is up over 100% since November, yet two of my three big positions haven't moved yet. I've caught some good moves in lesser positions, including a 125% overnight trade on a Uranium junior warrant.
Tomorrow could be brutal again in Canada, but I have a hunch that we're going to punch up again within days.
Got my gold, got my silver, got my copper, zinc and uranium, got my oilsands and natural gas - be right and sit tight!
Same with me. (LOL!)
The fact I'm a woman doesn't seem to deter the targeters of #1 from spamming me.
My MSN has blocks also, which are effective.
The problem is, these spammers always come back for more. They are relentless. Seems that they just don't get it: even if I block them, they think up a new address & flood my mailbox.
As a rule of thumb, I never answer any ads. Period. The ones in laughably bad English, of course, are the dead giveaway.
Once in a while I make note of one of these 'highly recommended' stocks and check back a few days or weeks later. Seems like none of them ever go anywhere except just sag lower and lower.
Might get out the catfish bait then.....could be some good one's lurking the bottoms soon.
Building up known interests is nothing new - the problem is having leverage against companies that were nice all along, and then suddenly do something bad out of the blue. I'm sure that Ford's management from 50 years ago never could have dreamed the way today's executives operate.
There's no bottom like the bottom of the Canadian Venture Exchange dumpster. Many companies have market caps of under $2 million, and if conditions are right, an easy triple or more comes with any success in the field whatsoever.
There are also fallen angels, which burned investors keep in the penalty box for as long as possible - those are my personal favorites, as they have known assets.
new.stockwatch.com has some amazing stock screening and market info available for investors.
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