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Previously on "Making money from the stupid"

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  • BoredBloke
    replied
    Aww and I thought these were all real investment opportunities. Well there goes the pension.

    Leave a comment:


  • VectraMan
    replied
    It's been done better...

    http://www.national-lottery.co.uk

    Leave a comment:


  • Ardesco
    replied
    In that case you could theoretically make some cash if you bought the second the e-mails started and then sold a day or so later yourself...

    Not for the faint hearted though and you would also have to assume you were in the first mailing batch

    Leave a comment:


  • _V_
    replied
    did not realise there was so much cash to be made from the foolish
    Took a while for Gay Gordon to twig the same with IR35.

    Leave a comment:


  • ferret
    replied
    I did wonder why i was getting so many of these stock alerts - did not realise there was so much cash to be made from the foolish!

    Leave a comment:


  • _V_
    started a topic Making money from the stupid

    Making money from the stupid

    http://news.bbc.co.uk/1/hi/technology/5284618.stm

    Spam messages that tout stocks and shares can have real effects on the markets, a study suggests.
    E-mails typically promote penny shares in the hope of convincing people to buy into a company to raise its price.

    People who respond to the "pump and dump" scam can lose 8% of their investment in two days.

    Conversely, the spammers who buy low-priced stock before sending the e-mails, typically see a return of between 4.9% and 6% when they sell.

    The study recently published on the Social Science Research Network say their conclusions prove the hypothesis that spammers "buy low and spam high".


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