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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[ QUOTE ]
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.