Not Currently Updated
I started documenting stock spam in October 2005, but in November 2005, the quantity of stock spam became so large that I put it on hold. In mid-May 2006 I decided to take it up again on a trial basis, limiting reports to one per day per stock, but I gave up again in mid-June 2006 as the workload was still excessive relative to the importance of the issue. Others continued to do a fine job of it -- see the links at left -- but according to
statistics from spamnation, the problem peaked in 2007 and dropped off abruptly in 2008, becoming a mere trickle in 2009/10. I'm leaving this blog online as a historical reference, but I have no further plans to update it, and I've disabled comments because nobody has tried to post anything but spam comments here in a long time.
2 comments:
Is this legal?- I've received this in my mail and I think its spam. Is there alot of this about?
From: Osmond Sexton
Sent: Tuesday, June 6, 2006 1:16 AM
To:
Subject: overdo
The stocks we profile show a significant increase in stock price and
sometimes in days, not months or years.
Big news expected. This should invoke LARGE gains.
Date : 5 Jun 2006
Company : AMEROSSI INTL GRP
S t o c k : A M S N
Timing is everything!
Current Price : $0.05
14 Day Target : $0.30
Status : 300-500%
We Love this company and at anytime they can put out major news and the
price can triple.
Do this often enough, and your portfolio can double, even TRIPLE in value.
If you think it's spam, you're right! I post all the stock-related spam I receive to this blog. That's why it's called "Stock Spam".
As to whether it's legal -- it depends, but usually not. Spamming is illegal one way or another in many countries, and the practice of deliberately spreading hype about a stock is usually illegal too.
As to whether there's a lot of it about, of course there is! It's spam! Different stocks come and go, and I usually receive several spams per stock per day, but I tend to limit my reportage to one per day. At the time I write, the most recent Amerossi spam is documented here.
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