newview
Ex .. Ex .. Exactly
Premium
join:2001-10-01
Parsonsburg, MD | Well, wadda' 'ya know . . .
Sending email to enforcement@sec.gov works.
Take THAT scumbags. |
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moonpuppy
join:2000-08-21
Glen Burnie, MD | About time.....
This is one way to fight spammers. Cut them off from their benefactors. |
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beck
Premium,MVM
join:2002-01-29
On The Road | Too many stupid people!
Geez, people actually buy stock because of spam mail??? It would be easier for them to just send their money to me. |
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TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
 ·Sprint Mobile Broa..
 ·Comcast
| reply to moonpuppy
Re: About time.....
And Google adds their 2 cents to the penny stock spam flood by urging their GMAIL users to use the report spam feature.
»googleblog.blogspot.com/2007/03/···rts.html
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My BLOG
My Web Page |
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russotto
join:2000-10-05
Collegeville, PA
| Stock strategies
Darn it. There goes my winning stock strategy of purchasing stocks which look likely to be future spammer targets, then selling when the SPAM hit. 
(I'm kidding, but it might actually work if you could predict the spam stocks well enough) |
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swsamurai
Premium
join:2002-04-17
Bakersfield, CA
clubs:
·Bright House
| Investing
I actually already knew about KoKo Petroleum through my brother-in-law, who works for an oil company. I invested a while back and actually did get to take a little advantage of the spike in the trade price. But I am in for the long haul.
I get these messages on my cell phones now too. Talk about manipulating the market. I wondered how long it would be before the SEC tried to drop the axe. Not that it will do to much. |
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T1 Rocky
join:2002-11-15
Dallas, TX
·Time Warner Cable
|  Another angle
I was under the impression that the companies were the victims here too. The way I thought the scam worked is someone (and that can be absolutely anyone) buys a bunch of the stock and then hires a spammer to spew it for a week then they sell it. The company gets hate mail and is flooded with calls from people thinking the company is the spammer.
So what's to stop an unethical company from spamming in favor of their competitor then giggleing as the FCC hassles/fines/suspends them?
I don't have a NYTimes password so I didnt read the story so maybe I'm missing something.
The problem is spammers will send out a million emails for $100. With those odds, some weasil is going to take them up on it. |
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cableties
Premium
join:2005-01-27
 ·Verizon FIOS
| reply to beck
Re: Too many stupid people!
It's not the buying, its the selling short. Say stock OTB-ABCD is doing well at $1. You decide that it's going to tank and bet on that. Then it does a major sell off. You win.
Pump it up, dump it, profit. Others lose. And win again as it dumps.
But I doubt SEC will win this one as those companies may have nothing to do with it; it's the day-traders selling short. Find them and you find the spammers. (Who wants to bet it's russian mafia? 20-1)  |
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ftthz
If love can kill hate can also save
join:2005-10-17 | hrmm how much do spammers
make off this kind of stuff ... |
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patcat88
join:2002-04-05
Jamaica, NY | can make money
I should invest in these stocks, sell them after 36 hours. Make small profit before they crash. |
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biochemistry
join:2003-05-09
92361
| Well they're missing some
My private email address, who I give out to no one except close family members, has been flooded by stock spam (i can only guess an angry family member submitted me to some spam site). It gets past the filters by using jpeg images instead of actual text. They use such lame subjects as "compelling trill" and "Houston we have a problem". Some of the companies in on this spam scheme are MPRG (Motion Picture Release Group) and VCDY (Voice Diary) and just yesterday CBRP (Cambridge Resources Corp). Viewing the list of companies that have been suspended, these three are NOT on that group. What gives? They have to be some of the most spammed of them all. When I find the people responsible for the spamming, it's going to get ugly. |
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jjoshua
Premium
join:2001-06-01
Scotch Plains, NJ
·Verizon FIOS
·Comcast
| said by biochemistry  :My private email address, who I give out to no one except close family members, has been flooded by stock spam (i can only guess an angry family member submitted me to some spam site). Or your family member is running malware which sent their entire contact list to the spammer. |
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quatrix
Premium
join:2005-02-11
Davie, FL
3 edits | Nice thought, but how is this supposed to help?
The spammers load up on a penny stock, spam it, sell it, then move on to another stock the next day. How does suspending trading of previously spammed stocks help anything? They've long since moved on to something else. |
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swsamurai
Premium
join:2002-04-17
Bakersfield, CA
clubs:
·Bright House
| reply to T1 Rocky
Re: Another angle
A company would not want to do that to itself because the resulting blowback would cause financial woes. The company itself you really gain nothing. The stock may start at say $.12 and spike to $1, but then when the profit takers get their share, the price could go down below the original start point.
I picked up about 500 shares of Koko when it was at something like $.60 a share. Then the spammers hit and it went to $1.40, or so. I sold a few shares but kept the majority. Now the stock is down to like $.09 a share. I am holding onto it hoping... and hoping... |
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public
join:2002-01-19
Santa Clara, CA
 ·DSL EXTREME
| reply to quatrix
Re: Nice thought, but how is this supposed to help?
said by quatrix :The spammers load up on a penny stock, spam it, sell it, then move on to another stock the next day. How does suspending trading of previously spammed stocks help anything? They've long since moved on to something else. Precisely.
But they can say by doing so they protect the children, and hence need more staff and funding. |
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elvey
Spamassassin
join:2001-02-17
San Francisco, CA | Ameritrade infiltrated/cracked by stock spammers
See »snurl.com/ameritrade |
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mjcrocket
Mjc
join:2000-12-02
Abingdon, MD
| reply to jjoshua
Re: Well they're missing some
said by jjoshua :said by biochemistry :My private email address, who I give out to no one except close family members, has been flooded by stock spam (i can only guess an angry family member submitted me to some spam site). Or your family member is running malware which sent their entire contact list to the spammer. Or they just used a random address generator, every address generated that does not bounce is a good address that is then added to their "active" e-mail address database. No human intervention required!!
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wmcbrine
Touched by His Noodly Appendage
join:2002-12-30
Laurel, MD | Where we really need a crackdown...
...is on penis pill purveyors. |
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dentman42
join:2001-10-02
Columbus, OH | reply to cableties
Re: Too many stupid people!
Could backfire. If you want to harm a company, create a pump and dump spam for their stock... |
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swsamurai
Premium
join:2002-04-17
Bakersfield, CA
clubs: | reply to public
Re: Nice thought, but how is this supposed to help?
Unfortunately by blocking the trade of the stock, they are not hurting the people who already made their little profit, but they are hurting the company itself. |
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