Friday, September 20, 2013

The Latest Penny Stock Promotion: This One is Scary!!!

Every day, I receive dozens of spam emails in some of my varied email accounts. They are usually promoting some stock that trades anywhere from a penny to a dollar, and sometimes even less than a penny!

They all seem to have the same style, and similar headline like "This one is on the move" or "This stock will make you rich." Most (if not all) of these seem to be pump-and-dump schemes.
However, I just received a new one today, that kind of scares me. Check it out. The subject line in the email is:

My new pick could literally DOUBLE YOUR MONEY OR MORE!

OK, now read the content of the message:

Apple (Nasdaq:A-A-P-L) has shown its latter-day iPhone 5S and iPhone 5C, which have not affected the investors. Nevertheless, we got to hear about a secret newly-designed product, which is developed in Cupertino (the Headquarter of Apple). Everyone will have interest in this newcomer (throughout a year, it will be put in use by all the people). Today, it's high time to get hold of the Apple's stocks. These securities will go up in price very soon.
Has Apple (AAPL) fallen to the level (figuratively) of a penny stock and a pump-and-dump?

Disclosure: Author owns AAPL.

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