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10 Growth Stocks for the new millenium! Click here and pay $50 for our newsletter.

Item added by Enkidu. Added on 03/21/2005
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3 Reviews

irishgit
07/24/2007

10 Growth Stocks for the new millenium! Click here and pay $50 for our newsletter. 1

I've started getting a lot of these, or variants thereof, recently.

I know that mass markeing works on the basis that if a fraction of a percentage of the people contacted respond, its profitable. And I know that nothing works as well as greed in marketing, but it still surprises me how many suckers fall for this.

Oh well, P.T. Barnum was right....

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abichara
03/23/2005

10 Growth Stocks for the new millenium! Click here and pay $50 for our newsletter. 2

According to who's opinion?

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alpepper
03/23/2005

10 Growth Stocks for the new millenium! Click here and pay $50 for our newsletter. 1

Unsolicited stock scams are as old as Wall Street itself. For those who are unfamiliar, dude gets some inheritance money or drug money and buys a company that is worthless (i.e., Schmucko.com Inc., online purveyor of used toilet paper). Schmucko.com Inc., has been de-listed from any major stock exchange and only trades over-the-counter (the so-called penny stocks, as in that's how much you will be left with). Dude starts spamming the world about some bogus breakthrough in the used toilet paper industry and a few fish take the bait. The sudden jolt in buyers raises the prices of SCHMUCKO from $0.02 to $0.30 a share. Dude waits for the stock to peak and sells all his stock for a big profit. Meanwhile all the schmoes are holding shares in used toilet paper stock which has dropped from 30 cents to about quarter-penny a share (If you invested $10K, yu would be left with $83.33). Don't be duped.

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