Umm...stock tip spam?? Just started getting this...

Accipiter22

Banned
Feb 11, 2005
7,942
2
0
Stock Tip pic


CWTD is the stock symbol...it was 1.39 on closing friday...got up as high as 3 the last couple days and then crashed....so are people just trying to get as many people to buy as possible to increase value, and then the bulk of stock holders just sell it off?
 

Accipiter22

Banned
Feb 11, 2005
7,942
2
0
so couldn't I just go along with it and sell while it's still high? I get like 5 different 'stock tips' per day....I could be rakin in the cash
 

robothouse77

Golden Member
Jan 21, 2005
1,170
1
0
Originally posted by: Accipiter22
so couldn't I just go along with it and sell while it's still high? I get like 5 different 'stock tips' per day....I could be rakin in the cash

hehe. but it's not in your control. those who are in control of the scam decide when to sell, not you
 

everman

Lifer
Nov 5, 2002
11,288
1
0
Originally posted by: Accipiter22
so couldn't I just go along with it and sell while it's still high? I get like 5 different 'stock tips' per day....I could be rakin in the cash

That's how it works. They fool enough people into thinking just that, thus pumping up the price. Then they end up left holding the bag when it crashes back down with the selloff.
 

Accipiter22

Banned
Feb 11, 2005
7,942
2
0
Originally posted by: everman
Originally posted by: Accipiter22
so couldn't I just go along with it and sell while it's still high? I get like 5 different 'stock tips' per day....I could be rakin in the cash

That's how it works. They fool enough people into thinking just that, thus pumping up the price. Then they end up left holding the bag when it crashes back down with the selloff.

but I mean...couldn't I go to etrade.com or one of those online stock places...but a bunch of it as soon as I get the e-mail, wait for other suckers to buy, then sell it when it's up even a dollar....before the people in charge of teh scam sell it off?
 

alien42

Lifer
Nov 28, 2004
12,771
3,166
136
crazy, i bought CWTD on monday for 1.73 and sold it yesterday for 2.44

i found it due to the volume and not a newsletter
 

robothouse77

Golden Member
Jan 21, 2005
1,170
1
0
Originally posted by: Accipiter22
Originally posted by: everman
Originally posted by: Accipiter22
so couldn't I just go along with it and sell while it's still high? I get like 5 different 'stock tips' per day....I could be rakin in the cash

That's how it works. They fool enough people into thinking just that, thus pumping up the price. Then they end up left holding the bag when it crashes back down with the selloff.

but I mean...couldn't I go to etrade.com or one of those online stock places...but a bunch of it as soon as I get the e-mail, wait for other suckers to buy, then sell it when it's up even a dollar....before the people in charge of teh scam sell it off?


but the ones in control bought it for even less than you realize.
ex:

they bought at ~10 cent/share
they pump it to 80 cents/share.
you wait till it hits 1.50, mean while they sold at .90

don't do it man
 

everman

Lifer
Nov 5, 2002
11,288
1
0
Originally posted by: Accipiter22
Originally posted by: everman
Originally posted by: Accipiter22
so couldn't I just go along with it and sell while it's still high? I get like 5 different 'stock tips' per day....I could be rakin in the cash

That's how it works. They fool enough people into thinking just that, thus pumping up the price. Then they end up left holding the bag when it crashes back down with the selloff.

but I mean...couldn't I go to etrade.com or one of those online stock places...but a bunch of it as soon as I get the e-mail, wait for other suckers to buy, then sell it when it's up even a dollar....before the people in charge of teh scam sell it off?

You can try, but you're likely to loose your money. It's a scam.
 

alien42

Lifer
Nov 28, 2004
12,771
3,166
136
for those who have never played the otc or penny stocks it does not take a real company to make money.
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,374
8,499
126
Originally posted by: alien42
crazy, i bought CWTD on monday for 1.73 and sold it yesterday for 2.44

i found it due to the volume and not a newsletter

this is even better than trading with yourself every half hour to pump up the volume.


i love market manipulation.


there is a 10b-5 violation somewhere in there.
 

alien42

Lifer
Nov 28, 2004
12,771
3,166
136
Originally posted by: ElFenix
Originally posted by: alien42
crazy, i bought CWTD on monday for 1.73 and sold it yesterday for 2.44

i found it due to the volume and not a newsletter

this is even better than trading with yourself every half hour to pump up the volume.


i love market manipulation.


there is a 10b-5 violation somewhere in there.

what are you talking about? are you saying that my trading was not legit?
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,374
8,499
126
Originally posted by: alien42
Originally posted by: ElFenix
Originally posted by: alien42
crazy, i bought CWTD on monday for 1.73 and sold it yesterday for 2.44

i found it due to the volume and not a newsletter

this is even better than trading with yourself every half hour to pump up the volume.


i love market manipulation.


there is a 10b-5 violation somewhere in there.

what are you talking about? are you saying that my trading was not legit?

no, not you. the spammers.
 

mrchan

Diamond Member
May 18, 2000
3,123
0
0
Originally posted by: Accipiter22
Originally posted by: everman
Originally posted by: Accipiter22
so couldn't I just go along with it and sell while it's still high? I get like 5 different 'stock tips' per day....I could be rakin in the cash

That's how it works. They fool enough people into thinking just that, thus pumping up the price. Then they end up left holding the bag when it crashes back down with the selloff.

but I mean...couldn't I go to etrade.com or one of those online stock places...but a bunch of it as soon as I get the e-mail, wait for other suckers to buy, then sell it when it's up even a dollar....before the people in charge of teh scam sell it off?


$1 is a LOT for the stocks those things pump.
 
Oct 20, 2005
10,978
44
91
Most likely when you get the emails, the stock is already pumped up as high as it can be.

So you're already too late getting into the ride up. By the time you read the email, it probably has a tiny margin to go up, but most of the pumping has been done and the dumping will follow very shortly after.
 

Wizkid

Platinum Member
Oct 11, 1999
2,728
0
0
I did this last year, bought when I got the email, sold the next day for 30% profit. Kinda risky but its usually a pretty easy way to make 30-50% as long as you sell quick and don't get greedy.