the \"stock tips\" I keep getting in my e-mails
 

Anyone know how this scam works? The e-mails are basically telling you to buy a few stocks per day that I've never heard of and are obviously scams.

Re: the \"stock tips\" I keep getting in my e-mails
 

What these e-mails try to do is get others to buy the stock (that scammers already own) for no apparent reason, upping the demand. After hyping the stock and causing an unnatural rise in stock price, they sell, causing the stock price to drop back to where it should be.

Re: the \"stock tips\" I keep getting in my e-mails
 

Myself and friend get these everyday.

Re: the \"stock tips\" I keep getting in my e-mails
 

http://www.ziyue.com/movies/usa/2000...Room/boil1.jpg

Re: the \"stock tips\" I keep getting in my e-mails
 

I get these too, and it is beginning to annoy me.

Re: the \"stock tips\" I keep getting in my e-mails
 

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Anyone know how this scam works? The e-mails are basically telling you to buy a few stocks per day that I've never heard of and are obviously scams.

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I get these as well. I tracked the first 4 or 5 they sent me, never did the price reach their expectation.

Re: the \"stock tips\" I keep getting in my e-mails
 

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I get these too, and it is beginning to annoy me.

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Yea, but the good news is I haven't gotten one from Nigeria in a while.

Re: the \"stock tips\" I keep getting in my e-mails
 

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Anyone know how this scam works? The e-mails are basically telling you to buy a few stocks per day that I've never heard of and are obviously scams.

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I get these as well. I tracked the first 4 or 5 they sent me, never did the price reach their expectation.

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But does the price go up at all? If they consistently go up 10% that would be pretty good. Yes it's a scam but that doesn't necessarily mean you can't profit from it.

Post deleted by Mat Sklansky
 

Re: the \"stock tips\" I keep getting in my e-mails
 

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Here is how the scam works:

They send that notice out to a ton of people. For a small fraction, the stock goes up. Then of those, they send out another one...for a small fraction, stock goes up. Repeat, repeat until some very tiny group from the original set have had nothing but winners.

They approach these people with their next amazing tip, and fleece them.

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Same deal as sports handicapping services.

Re: the \"stock tips\" I keep getting in my e-mails
 

If you believe this, why don't you sell what they tell you to buy?

Re: the \"stock tips\" I keep getting in my e-mails
 

Google "pump and dump" but I would suggest not using the image search.

Re: the \"stock tips\" I keep getting in my e-mails
 

It's no different from what stock "analysts" did during the tech stock heydays. Release "good" news (true or not, usually not), get an investor (read: mark) to buy the stock, and then unload said stock on their collective asses. Also known as a "pump and dump". Very common and yet still surprisingly effective.

As PT Barnum once said: "There's a sucker born every minute."

Re: the \"stock tips\" I keep getting in my e-mails
 

I remember following one of the stocks and it was fun seeing it all unfold. Stock was ~$.50 and had almost no volume. Email arrives in my inbox (and probably millions of others). Volume goes up like 50 fold and stock spikes. Next day, stock plummets and CEO issues a statement about the email pump and dump scheme the he claimed to know nothing about. Good times.

Re: the \"stock tips\" I keep getting in my e-mails
 

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Google "pump and dump" but I would suggest not using the image search.

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after reading this I had to GIS it just to see. Results were pretty tame, highlights included:

http://www.cgstock.com/pics/5208.jpg
http://www.charous.com/uploads/3184fee412.jpg
http://img149.imageshack.us/img149/5...smaller1vf.jpg
(all SFW)

Re: the \"stock tips\" I keep getting in my e-mails
 

so if these stocks are pretty much guarenteed to go up (because of pump and dump) why not buy them then just be sure to sell them before the scammers sell all their shares?

Unless Degen is correct. Then that is a pretty elaborate scam.

Re: the \"stock tips\" I keep getting in my e-mails
 

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so if these stocks are pretty much guarenteed to go up (because of pump and dump) why not buy them then just be sure to sell them before the scammers sell all their shares?

Unless Degen is correct. Then that is a pretty elaborate scam.

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How are you going to know when the pumping is done and the dumping begins? Good luck with your investing future.

Re: the \"stock tips\" I keep getting in my e-mails
 

[ QUOTE ]
so if these stocks are pretty much guarenteed to go up (because of pump and dump) why not buy them then just be sure to sell them before the scammers sell all their shares?

Unless Degen is correct. Then that is a pretty elaborate scam.

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A better bet would be to buy it after it has been pumped and dumped. In other words wait until it has been extremely oversold by the scammers and the scammees and then buy it.

Re: the \"stock tips\" I keep getting in my e-mails
 

It did reach their expectations, just not the advertised expectations. They buy big chunks of cheap stock, then send out a buy notice notice and when the gets to THEIR expectations they sell, the stock tanks and you--they don't care. If you know what you are doing you can make some money at this but you better be good and FAST in dumping the stock.

Re: the \"stock tips\" I keep getting in my e-mails
 

[ QUOTE ]
It's no different from what stock "analysts" did during the tech stock heydays. Release "good" news (true or not, usually not), get an investor (read: mark) to buy the stock, and then unload said stock on their collective asses. Also known as a "pump and dump". Very common and yet still surprisingly effective.

As PT Barnum once said: "There's a sucker born every minute."

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They didn't pump the stocks so that their prop desk would make money taking the opposite position. Equity research pumped the stocks so that their clients (the companies whose stocks they were pumping) and prospective clients would give them more business on the investment banking side.

Re: the \"stock tips\" I keep getting in my e-mails
 

Lucky--I still get the Nigeria scams along with the stock e-mails. I should be a billionaire by now except I just can't seem to answer the e-mail that I won

Re: the \"stock tips\" I keep getting in my e-mails
 

My trusted financial advisor, Idi, has advised me against owning any stocks. He has found some other avenues that I am hesitant to discuss right now, but in a few weeks I expect to be quitting my job and enjoying a life so ease.