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« It Just Can't Get Any Bigger | Main | Wachovia Upgraded on Golden West Buy » September 7, 2006 Subliminal Stock SpamsUgh: Pump-and-dump stock campaigns work by spammers purchasing stock at a cheap price and then artificially inflating its price by encouraging others to purchase more (often by spamming "good news" about the company to others). The spammers then sell off their stock at a profit. Sophos experts report that pump-and-dump stock campaigns account for approximately 15 percent of all spam, up from 0.8 percent in January 2005. I'm not impressed. Bob Pisani is down to 11 seconds. In other news: "Suri Cruise Photos Expected to Fuel Stock Market Rally." Posted by edelfenbein at September 7, 2006 3:41 PM |
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