Spam Stock Tracker (Worse than Wall Street!)
If you are as annoyed about "stock spam" as I am, then here's a website that will make your day: the Spam Stock Tracker.
It was built by Joshua Cyr, chief technology officer for Savvy Software. Josh was curious about how much money he would lose if he followed all of the breathless stock spam he recieves too regularly. So he built a web page that tracks the prices of all the stock spam he recieves, and updates it in real time. It also calculates the total net gains or losses.
What's the net return? Since May 5th of this year, had you bought 1000 shares of each unsolicited stock spam you recieved (multiples don't coun't), you would have lost more than half of your capital.
Stock spam is way worse than Wall Street -- down 50% in less than 6 months! It took Wall Street several years to do that -- the S&P500 was down about 50% peak to trough (March 2000 to October 2002) -- and that was after an 18 year Bull Market.
Its worth noting that out of 47 stocks, there are big 3 winners, 3 break-evens, and 41 losers -- and most of those were jumbo losers. More than a third -- 14 stocks -- were down 75% or more. Hey, even fundamental analysts do better than a 7% success rate, and most of their losers aren't this huge!
Here's the full Spam Stock Tracker:
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Kudos to Joshua for thinking this whole thing up! Thanks!
Thursday, October 06, 2005 | 06:56 AM | Permalink
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Comments
Point of confusion: Am I reading this wrong or are the 3 "beak evens" really "gone bust"? So it's worse? - I'll have to save this for my kids as a small scale example of man's inhumanity to man.
Posted by: apav | Oct 6, 2005 12:34:01 PM
Now you know what to short. Never see any sell recommendations so what to buy is still your guess.
Posted by: Lord | Oct 6, 2005 1:26:20 PM
Yeah, but your broker almost certainly won't let you short that crap. I got a stock spam just today, and I checked: OTC stock trading at $3, but my broker wouldn't do it. Do you know any that will?
Posted by: wcw | Oct 6, 2005 2:16:04 PM
WCW -- Remember, to short a stock, you've got to find some sucker that OWNS it in order to borrow the shares. Good luck.
Posted by: jaz | Oct 6, 2005 5:17:05 PM
There is only 1 big winner:
LMMG.OB 6.06% winner
ORTE.PK 12.9% winner
SNFX.PK 120% winner
On top of that the three Break evens are infact 100% losers: CITCE.OB MTNU.PK WSRM.PK
Posted by: Scott | Oct 6, 2005 5:49:05 PM
When I said "won't let you" I meant most brokers wouldn't, even if they could find shares to borrow. Many have rules against shorting things like OTC or pink-sheet securities, those trading below $5 or $10, and so on.
To reiterate: does anyone here know a broker who'll even try to short sub-$5 OTC crap for you?
Posted by: wcw | Oct 6, 2005 6:11:51 PM
I'M WATCHING AND MAKING MONEY, UDSG.PK SUBWAYS DELIVERY COMPANY WENT FROM ($1.50-$3.64) IN OVER A WEEK! WHO IS WATCHING THIS! AM I THE ONLY ONE ON THE PLANET. SUBWAY IS DELIVERING, GOING NATIONWIDE, THIS IS A GOOD THING TO ME. FOOD FOR THOUGHT!
Posted by: W.JOHNSON | Feb 19, 2006 1:33:38 AM
where is the take off of brocade is this flight canceled
Posted by: fred | Mar 28, 2006 9:19:58 AM
What is one of the seven deadly sins? It is called "greed". There is also a very old saying, "A rose by any other name is still a rose". There is also one other which I am sure some of you hopefully have already guessed. In the end we all answer to God and you can't take a half-cent with you. And that is the absolute truth. I used to chart stocks(both price and volume). I think someone should teach the teachers how to interpret those figures. In the end the stocks are a guessing game depending on "Universal Economics". I think I will stick to the Numismatic News. Their analysts seem to know more than all the nefarious neophytes, otherwise known as imps in Webster lingo. Look up imp if you don't believe me. Thanks and a Good Evening to you all. 10-4.
Posted by: Adomi | Aug 22, 2006 12:19:09 AM
