Monday, October 19, 2009

Stock spams work

We have all received these spam emails touting some obscure stock as the next one to surge. And have you not wondered who would fall victim to such shenanigans and why we still keep getting such emails?

According to Taoufik Bouraoui, these emails actually have an impact in that they increase the volatility of the stock. And under such circumstances, money can be made, unfortunately only for the originator of the spam emails. Unless you are among the very first to get the emails and are able to quickly buy stocks, you are out of luck...

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