2000-09-22 23:14:14+00 by Dan Lyke 3 comments
Ya know those annoying spams you get about penny stocks being undervalued and going up? Some of them came from a New Jersey 14 year old who's repaying a quarter million in profits from such hyping. The SEC says no one's stepped forward claiming to be a victim, I guess publicly identifying yourself as that stupid would be too humiliating, even if it did involve moderate amounts of money.
[ related topics: New Economy ]
comments in ascending chronological order (reverse):
#Comment made: 2002-02-21 05:30:19+00 by: Dan Lyke
Hey, thinking about this, I wonder if I could set up a script that'd be triggered by my procmail recipes for such spams that'd wait 24 hours and then short those stocks...
#Comment made: 2002-02-21 05:30:20+00 by: shad0w
Definitely not. Absolutely not. MAYBE I'd consider something that'd ALERT me to rapid rises in stocks touted by emails... But what if the rumors were TRUE? I might lose my shirt.
#Comment made: 2002-02-21 05:30:20+00 by: Dan Lyke
Well, stocks aren't about individual picks, they're about strategies in the aggregate, and while I can imagine a spammer screwing up occasionally, in reality nobody's going to spam people with good stock tips, if they really knew they'd keep it to themselves.