Those scam stock market emails?
Those scam stock market emails?
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Discussion

-Z-

Original Poster:

7,340 posts

222 months

Monday 12th September 2011
quotequote all
Would you always lose by following them with your eyes open?

eg I had 2 last night about Fresh Traffic Group Inc. Low and behold today its up 16% according to Bloomberg.com.

If you were to buy and sell in the short term , ie the opening 2 hours, riding the likely rise, how successful/unsuccessful would you be?

P.S this is based on my massive experience of 1 email!

VII

131 posts

173 months

Monday 12th September 2011
quotequote all
If you understand why prices increase, I'm sure you'll realise how it works.

-Z-

Original Poster:

7,340 posts

222 months

Monday 12th September 2011
quotequote all
Normally I have as much interest in stocks as a Banker does in ideal crown prep angles hehe

Obviously the scammers buy their shares a while back when they're even cheaper and ride out the increase as sheep buy the same stock.

I'm not interested in how/why the price increases, that much is obvious. What I'm curious about is if there are people who basically ride the scammers coat-tails and pick up smaller profits along the way?

DonkeyApple

63,463 posts

185 months

Monday 12th September 2011
quotequote all
-Z- said:
Normally I have as much interest in stocks as a Banker does in ideal crown prep angles hehe

Obviously the scammers buy their shares a while back when they're even cheaper and ride out the increase as sheep buy the same stock.

I'm not interested in how/why the price increases, that much is obvious. What I'm curious about is if there are people who basically ride the scammers coat-tails and pick up smaller profits along the way?
It's actually usually a little different.

Some of the scams are to let you see a few risers (they push the price up after the email has been sent as tyhe stocks are always illiquid pink sheet shells) and then reel you in to use their brokerage which takes all your money.

However, the vast majority work very differently. The spam is designed to increase activity on the underlying stock and steer it up a shade as the real scam that is taking place is that they are offloading a vast chunk of stock to a dumbass investor.

Either way, no one wins bar the scammer.

Oi_Oi_Savaloy

2,314 posts

276 months

Tuesday 13th September 2011
quotequote all
Why don't you track that stock for a month, say, and see what it does?

In fact I might do so too (no, I'm not going to invest).

Curiosity etc, etc.