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You know those spams you get touting

posted by Jason Kottke   Aug 28, 2006

You know those spams you get touting penny stocks? It turns out they actually work. “The team found that a spammer who bought shares the day before starting an e-mail campaign and then sold them the day after could make a return on his or her investment of 4.9%. If he or she were to be a particularly effective spammer, returns to this strategy would be roughly 6%.”

Update: NPR report on the spam stocks study. (thx, jeff)

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