Replies to post #1017 on Money 101 (Money)

[plastipunk]

A little something about spamming I found interesting:





"If you are naive enough to believe that spamming cannot effect a stock price, then you are simply uninformed. The first form of "spamming" started pre-WWII as Joe Kennedy manipulated stocks directly contributing to the formation of the SEC.

With the advent of the Internet, pumpers have the perfect tool for pumping their stocks using e-mail campaigns. While their stock recommendations start to rise daily, it appears the climb will continue on an upward trend. "Insider" knowledge starts to look prophetic as do claims of "guaranteed profits". Unfortunately, the stock has already risen substantially.

How long will this stock continue to make 10% gains daily? Greed? Spammers use it to manipulate investors. Quoting Warren Buffett, "The first rule of investing is to not LOSE money. The second rule is to not forget the first rule".