Tuesday, September 25, 2007

Does Spam Still Work?

I got a spam message recently. There was nothing unusual about it, just plain stock scam:


Then I wondered if such schemes really work and checked price on Tuesday - it was up from (as correctly mentioned in the message) $0.1 to $0.155, which is 55%. Image is not very good, but the trend is clear (image from Yahoo! Finance):


Anyone want to guess what will happen next? It is also notable that there was increase in the number of transactions with these shares couple of days before the spam message.

Take care.

1 comment:

  1. Igor GotsSeptember 25, 2007 at 4:03 PM

    If we will try to look at base indicators (MACD, RSI), price will be in corridor 1.5-1.55, until next spam message :)
    http://ichart.finance.yahoo.com/z?s=SREA.OB&t=1d&q=l&l=on&z=m&p=&a=m26-12-9,r14

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