Penny Dreadful

I know we don't expect much from spammers, even the pump & dump crowd, but surely this email I got today is a new low?

09/11/2007 – Traded over 4 million shares with a 100% INCREASE
09/12/2007 – Traded over 6 million shares with another HUGE INCREASE

TOMORROW THIS STOCK IS EXPECTED TO DOUBLE WHAT IT HAS DONE IN THE PAST 2 DAYS! GET IN ON IT NOW WHILE THE PRICE IS LOW! FRESHLY RELEASED PRESS RELEASE!

Current: $.02
Expected: $.57

Kinda self-defeating, isn't it? Or can you really have listed prices above zero but under one cent?

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6 Responses to Penny Dreadful

  1. SEO says:

    Holy Smokes! What’s this guys email?

    At 0.02c i really have to send him a few hundred thousand IMMEDIATELY, tomorrow when it rises to… Oh wait, that email is a day old and it’s allready gone up just my luck 🙁

    I like the ones that tell me how to increase my penis size and loose weight… When i’m a slightly undreweight female. ;-/

    Carly,

  2. Tom says:

    The sad part is there are no doubt people who were tempted by this and never gave a thought to the numbers. Spammers Spam because they get results. Sent it to a million people, someone is going to fall for it.

  3. Chuck says:

    I always ask myself..
    “If it’s so darn good, why do they share it?
    Why not be a hog and get all the profits for themselves?”
    but as Jim Cramer says.,
    “There are bulls, and there are bears, but hogs get slaughtered.”

  4. arthur says:

    There are plenty of stocks available for less than a penny a share. This one sometimes trades millions of shares a day. And it really is quite possible to make a killing on them, because a fluctuation from .0015 to .003/share is a 100% profit and can easily happen overnight. Of course, the killings go to the authors, not the recipients, of the email.

  5. arthur says:

    There are plenty of stocks available for less than a penny a share. This one sometimes trades millions of shares a day. And it really is quite possible to make a killing on them, because a fluctuation from .0015 to .003/share is a 100% profit and can easily happen overnight. Of course, the killings go to the authors, not the recipients, of the email.

  6. “because a fluctuation from .0015 to .003/share is a 100% profit and can easily happen overnight”

    The only problem is if it drops from .003 to .0015 your $10,000 investment turns in to a $5,000 loss. I’ve always been wary of investing in such low price stocks, but i might monitor that one for a while and see what the trend is.

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