Skip to comments.Avoid These Stocks Like the Plague
Posted on 05/22/2006 2:16:22 PM PDT by Congressman Billybob
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That's my nickname.
You'll need to send a self-addressed stamped envelop to...
Oh, don't be silly. If it wasn't true they'd never allow it on the Internet.
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.
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.
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.
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.
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.
Smith and Wesson. SWB.
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.
Oh boy! A company with 200% return in only a short period of time and no risk! ...
I just cruised over to DrudgeReport... "Sequel Fever: Sony Has Da Vinci II and III".
Perfect example of such a company.
"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.
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.
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.
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.
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.
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