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)

This entry was published on August 28, 2006 at 09:05 am.

Tags for this entry:  finance  money  spam 

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