Comments on: LOMJ.PK is another stock scam spam making the rounds http://www.cydeweys.com/blog/2007/02/02/lojmpk-stock-scam/ Wed, 08 Feb 2012 16:39:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Cyde Weys http://www.cydeweys.com/blog/2007/02/02/lojmpk-stock-scam/comment-page-1/#comment-6061 Cyde Weys Mon, 30 Jul 2007 00:46:35 +0000 http://www.cydeweys.com/blog/index.php/2007/02/02/lojmpk-stock-scam/#comment-6061 No way in hell are you going to gain $1 million on a manipulated stock. The numbers are simply much, much smaller than that. As soon as you buy the $1 million worth, the share price will shoot through the roof, the spammers will sell their stock on the huge movement, share prices will go down again, and you'll be screwed, stuck holding onto shares that will only go lower. I don't see why you'd be suggesting people get involved in these stock scams. And keep in mind, there's absolutely no way to know if you're getting in on the "beginning of a wave". I've seen some of these just as they're coming into my email box and was tempted, held off, and was vindicated. Searching the web a month later reveals others were getting information on the stocks a couple days ahead of me. And profit goals are irrelevant in this situation. They won't help you at all when the stock price is falling rather than rising, which is often how these stock scams go. No way in hell are you going to gain $1 million on a manipulated stock. The numbers are simply much, much smaller than that. As soon as you buy the $1 million worth, the share price will shoot through the roof, the spammers will sell their stock on the huge movement, share prices will go down again, and you’ll be screwed, stuck holding onto shares that will only go lower. I don’t see why you’d be suggesting people get involved in these stock scams. And keep in mind, there’s absolutely no way to know if you’re getting in on the “beginning of a wave”. I’ve seen some of these just as they’re coming into my email box and was tempted, held off, and was vindicated. Searching the web a month later reveals others were getting information on the stocks a couple days ahead of me.

And profit goals are irrelevant in this situation. They won’t help you at all when the stock price is falling rather than rising, which is often how these stock scams go.

]]> By: Jack Payne http://www.cydeweys.com/blog/2007/02/02/lojmpk-stock-scam/comment-page-1/#comment-6058 Jack Payne Sun, 29 Jul 2007 22:34:41 +0000 http://www.cydeweys.com/blog/index.php/2007/02/02/lojmpk-stock-scam/#comment-6058 If you get in on the beginning of a wave, and don't get too greedy, sometimes it works. Hop in, with an attached 20% profit goal, hop out. Just think, if your $1 million rides to #2 million in 5 days, you can hop out with a cool $200,000 stack of cash to stuff in your pants. Still a little risky, though. --Jack Payne If you get in on the beginning of a wave, and don’t get too greedy, sometimes it works. Hop in, with an attached 20% profit goal, hop out. Just think, if your $1 million rides to #2 million in 5 days, you can hop out with a cool $200,000 stack of cash to stuff in your pants.

Still a little risky, though.

–Jack Payne

]]> By: Cyde Weys http://www.cydeweys.com/blog/2007/02/02/lojmpk-stock-scam/comment-page-1/#comment-405 Cyde Weys Thu, 08 Mar 2007 13:43:13 +0000 http://www.cydeweys.com/blog/index.php/2007/02/02/lojmpk-stock-scam/#comment-405 Heh, you do that, and tell me how it works out. I've looked at a few of these retroactively and calculated how much money I would've lost if I had tried to "ride the wave" after first hearing of the touted stock: and it wasn't pretty. Heh, you do that, and tell me how it works out. I’ve looked at a few of these retroactively and calculated how much money I would’ve lost if I had tried to “ride the wave” after first hearing of the touted stock: and it wasn’t pretty.

]]> By: Troy http://www.cydeweys.com/blog/2007/02/02/lojmpk-stock-scam/comment-page-1/#comment-403 Troy Thu, 08 Mar 2007 10:19:17 +0000 http://www.cydeweys.com/blog/index.php/2007/02/02/lojmpk-stock-scam/#comment-403 It's ok if they are trying to pump the stock via spam/scam - i'll just ride the wave if i start to see it jump. Also, the company seems to have a legit business and TA and what not. The A/S and O/S look ok. I'll probably consider buying with the release of the beta information and maybe some financials or PRs... all this is just my opinion. Do your own DD and buy/sell at your own risk. It’s ok if they are trying to pump the stock via spam/scam – i’ll just ride the wave if i start to see it jump. Also, the company seems to have a legit business and TA and what not. The A/S and O/S look ok. I’ll probably consider buying with the release of the beta information and maybe some financials or PRs… all this is just my opinion. Do your own DD and buy/sell at your own risk.

]]> By: Cyde Weys http://www.cydeweys.com/blog/2007/02/02/lojmpk-stock-scam/comment-page-1/#comment-130 Cyde Weys Mon, 05 Feb 2007 15:24:02 +0000 http://www.cydeweys.com/blog/index.php/2007/02/02/lojmpk-stock-scam/#comment-130 Wow, they're faxing these now too?! I didn't realize this. That's a much worse violation of the law than unsolicited junk email, because it costs a fair amount of resources in paper and ink just to receive a fax. <a href="http://www.junkfaxes.org/taking_action.htm" rel="nofollow">This site</a> seems to be a good resource for dealing with junk faxes. It's important to contact the FCC. Also, the advantage of getting spammed with fax versus email is that, with faxes, you actually have a sender's phone number, which is much better for tracking purposes than all of those forged email addresses spammers use. You have a decent opportunity here to actually file a lawsuit and make a nice amount of money off the junk faxer. Wow, they’re faxing these now too?! I didn’t realize this. That’s a much worse violation of the law than unsolicited junk email, because it costs a fair amount of resources in paper and ink just to receive a fax. This site seems to be a good resource for dealing with junk faxes. It’s important to contact the FCC. Also, the advantage of getting spammed with fax versus email is that, with faxes, you actually have a sender’s phone number, which is much better for tracking purposes than all of those forged email addresses spammers use. You have a decent opportunity here to actually file a lawsuit and make a nice amount of money off the junk faxer.

]]> By: Barbara Kendall http://www.cydeweys.com/blog/2007/02/02/lojmpk-stock-scam/comment-page-1/#comment-129 Barbara Kendall Mon, 05 Feb 2007 15:00:20 +0000 http://www.cydeweys.com/blog/index.php/2007/02/02/lojmpk-stock-scam/#comment-129 Anson Baptist Association has been receiving the above-mentioned stock scam faxes. I would like to know where can I report this and ho to put an end to receiving the faxes. Thanks. Anson Baptist Association has been receiving the above-mentioned stock scam faxes. I would like to know where can I report this and ho to put an end to receiving the faxes. Thanks.

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