funsec mailing list archives
Re: Pump & Dump spamming works
From: Nick FitzGerald <nick () virus-l demon co uk>
Date: Fri, 09 Mar 2007 12:05:14 +1300
Richard M. Smith wrote:
Wow, almost a 150 fold increase in share volume after spam barrage. It also looks like someone can make money on P&D stocks, if they get in early and then get out quickly. ...
This is not news -- at least two fairly widely reported academic studies published last year put some numbers on what anyone with a brain and who looks at their spam already knew...
... In this case, there was a 2-day window to "invest" and then unload.
That's still a fairly risky bet, as the spammers seem to jump out fairly early because they know there is no way of predicting the collapse point of these completely irrational stock price swings.
http://online.wsj.com/article/SB117337878583331180.html?mod=technology_main_ whats_news SEC Suspends 35 Small Stocks In Crackdown on Spam Hyping Associated Press March 8, 2007 1:48 p.m.
As it's an AP item and not WSJ-specific, those without a WSJ sub yet interested in seeing the full story, try, for example: http://www.technologyreview.com/Wire/18318/ Regards, Nick FitzGerald _______________________________________________ Fun and Misc security discussion for OT posts. https://linuxbox.org/cgi-bin/mailman/listinfo/funsec Note: funsec is a public and open mailing list.
Current thread:
- Pump & Dump spamming works Richard M. Smith (Mar 08)
- Re: Pump & Dump spamming works Nick FitzGerald (Mar 08)
- Re: Pump & Dump spamming works Sean Donelan (Mar 08)
- Re: Pump & Dump spamming works Nick FitzGerald (Mar 08)