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Comments on Tuesday 30 October 2001:
If you've ever received stock advice in spam, and wondered whether it's actually any good, I have an answer for you, derived from three such 'hot picks'. The answer is, if you buy the stock immediately the spam arrives, and then sell it about two days later, you will make a small amount of money on the deal. If you wait for the high that the spam suggests, you will lose a lot of money. I assume the purpose of such spams is to push the price of something the spammer already has shares in, so they can sell theirs (Witness SWLL many months ago, going at 40c, rising to 50c after the spam, and now being near-worthless. EYPSF a few days ago being $3.50, rising to $4.00 after the spam, and now being on its way back down.). Conclusion: Spam stock-picks can be used to your advantage, so long as you disbelieve the outrageous claims they make. [17:20]
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