Tuesday, January 09, 2007

Get rich quick! Really!

I've been getting a lot of spam emails lately, thankfully Gmail is pretty good at filtering them out but some get through still. The more interesting ones seem to have something to do with selling penny stocks. So out of sheer curiosity I decided to look at one of the stocks that was being pumped in the email.

They quote: HXPN already up 500% in the past week with insiders accumulating. Huge events are driving HXPN way up. This one is still trading at only a fraction of its book value. This is a company that can quite literally strike gold and when that announcement hits the street watch out!! Get in while there is still time!

Have a look at the 3-month graph for HXPN in the corner.

This stock has risen from $0.25 to $1.55 in the past 9 days. There is a little bit of news about the stock but that's still quite the gain. Theory behind these spam emails is that someone buys a cheap penny stock, sends out millions of emails to which a few suckers buy into which raises the price then the original buyer sells out at a big profit. I guess I should be hoping to be one of the first people to get spam since then I can get in early on the gravy train. :)


Post a Comment

<< Home