Avoid These Stocks Like the Plague

Special to FreeRepublic ^ | 22 May 2006 | John Armor (Congressman Billybob)

[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

[lowbridge]

http://www.freerepublic.com/focus/f-bloggers/1197128/posts

Links to all other scambaits are on post number one. :-)

[jwh_Denver]

"but I have a hunch that we're going to punch up again within days."

I've been in an angst trying to get the best price for my wife's 401k gold fund OPGSX and I think it's time to strike. I'm not try to hit the bottom but it's looks real close chart wise.

This latest runup in gold went way beyond my experience so I got some popcorn and watched it. Looking for more of that to come in the days/months ahead.

Real glad to hear you're doing well.

[Congressman Billybob]

LOL. Let us all know how your Nigerian venture turns out.

John / Billybob

[Congressman Billybob]

I get a few e-mails every week from people I have never heard from, commenting on something I've written, pro or con. So I can't use a filter that screens out all "unknowns." I value those e-mails, and want to receive them.

John / Billybob

[You Dirty Rats]

John, here are some other stocks to avoid:

KL - Kennedy Limos

HS - Hillary's Secret

THS - Te-RAY-Za Hair Styling

[Quix]

No doubt. Though I've long had a feeling that maybe Ford started out with some "bad seed," somehow. Not sure why I've felt that way.

[Jaysun]

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.

I see now. I don't think that an investment group is the answer. I suppose that we should first look at what's causing the problem if we hope to provide an effective remedy. The problem is rooted in the fact that liberals have worked to gain influence with large companies and their effort has gone largely unchallenged.

The good news is that we're larger in number and resources and most of America shares our view in these matters. This is a subject that merits a thread of its own as we'd need to discuss and discover how they've managed to gain so much influence. Then it's simply a matter of using those same methods.

The challenge would be discussing it on a micro level rather than simply writing it off to large things that can't be readily fixed (they control the media, the universities, and so on). For example, I know that they made an organized effort to become members of corporate boards and have gained influence in that way.

[Lazamataz]

I know exactly which emails you are referring to -- I get the exact same ones.

So I collected them for a few weeks, and I tracked the predicted results.

The results were, that EVERY SINGLE PUMPED STOCK LOST NO LESS THAN 50% OF IT'S VALUE.

EVERY LAST ONE.

Some lost much more than that.

[Diana in Wisconsin]

"There really ought to be a managed investment plan for conservatives..."

This one works for me. ;)

http://www.vicefund.com/

And you can always look at http://www.buyblue.org and make sure NONE of the companies the left is recommending you buy from is in your portfolio. :)

[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.

Doh!

[delacoert]

Leave one up this as News/Activism. Don't even consider moving back to Chat. It's so relevant to consevative issues. Don't waste a minute thinking about who it's posted by -- it's just oh so important. :/

[GSlob]

Well, then you need a filter with the true human-level intelligence for the analysis of incoming e-mail. It would require computer power greater than the "deep blue" of chess fame, and that might be a bit inconvenient, both space- and dollar-wise. I was suggesting a nonintelligent but reasonably foolproof solution - a filter would be passing only messages from those you have written to [assuming that it might be their answer] - and even then only the number of messages you would pre-specify, plus the messages from manually [as a protection against malware] authorized sources.

[Quix]

I'm all for you starting a thread on it's own and building a PING list for such topics if there isn't one.

I'm skeptical we can do more than some very serious and crucial stop-gap things in the short term but that those are very important to do.

I believe that the major international corp's evolved into such powerful conglomerates through the elite old boy network. Some secret society stuff, no doubt helped but their networks are pretty entrenched and not all that permeable. Some assert that they've been at the globalist goals we are seeing so increasingly evident currently at least 400 years.

Be that as it may, I think it would be very powerful to identify folks of great humility, wisdom, integrity, great business sense, creativity, innovativeness and kindness in leadership of companies of whatever size. I believe those folks will overwhelmingly be conservative and overwhelmingly be authentic Evangelical Christian. I believe a significant percentage of them will be Charismatic/Pentecostal.

I think we could start with FREEPERS. And all of our personal networks. Do we know anyone in the highest ranks of corporations/partnerships who fit such criteria. Few people would score high on all such criteria but high on 3-4 would be sufficient. In some respects, humility and wisdom would be sufficient.

I'm not just blowing smoke. I've thought about this for decades. It is clear from 59 years of watching that God blesses those who play by His rules and major in His majors and minor in His minors. It seems silly not to take advantage of that in at least ferreting out such organizations and helping conservatives and believers to profit from such identifications.

I think the political fall-out could be significant and crucial for our Republic, too.

WHO KNOWS ANYONE who owns or runs a company with such qualities? Let's start a list.

[Quix]

The spam stuff is ruthless, insideous, evil and a lot of other dispicable things. Torture is probably too kind for such spammers.

I end up changing primary email addy a lot more often than I care to. I have a yahoo alternate and use their spam filter for all it's worth.

But I think a really powerful solution is not near close enough for my comfort.

[Slings and Arrows]

Thanks! Saved for posterity...or posteriors...or something...

[Slings and Arrows]

Thanks! If that doesn't work I'm looking at reptile breeding - this email I got says they can turn my garter snake into a raging python...

[DieHard the Hunter]

This stuff has an irresistable Beavis & Butthead appeal:

"Uhhh-huhh. Uhhh-huhh-uhh-huh. Like, Beavis, ask Mr Mboko to pose naked for the cameras with a loaf of bread on his head, and a copy of todays New York Times covering his Nads."

"Heh-heh-heh! Nads! Kick him in the Nads! Kick him! kick him! kick him! kick him (WHAP!!!)

"Uhhh, Beavis. Like, control yourself! We're like, Undercover, trying to expose these, uhhh, Nigerian Scroats. Lets not be, like, uhhh, Too Overt... Uhhh-huhh, uhhh-huhh-uhh-huh heh-heh-heh..."

[rudy45]

Yes, why do they choose such nonsensical subject phrases? Also, I used to strings of numbers and letters at the end of the message, but not anymore. What was that all about? Thanks.

[GOPJ]

The difference between these people and a pickpocket is these folks let you use your own hands.

Good one.