insider stock trading
What does this weird text message that? GSML inside information, perhaps?
This is the text: From fhehtesh@littleblackduck.com (APS slave) Hi Carol Bobbie News Break-G Symbol LME, G & S Minerals (precious minerals) Bobbie News Break my text at 5:41 in the morning and I have no idea why or by whom. I know G & S Minerals is a corporation and GSML is your symbol.
Yes, this is definitely spam. And a new twist to an old scam. When people do this is called "Pumping and dumping" action. It sends this message to as many people who can in hopes of Some will buy it. When some people buy a small stock of rising prices, sometimes quickly. This will encourage those who know better to buy more in the hope of price appreciation even more – while both the person sending the message is the sale of its shares for a small profit. It is a scam as old as the stock market itself, and highly illegal. Theoretically, you could try to ride the wave and non-profit as well (and that undoubtedly contributes volume to the mentality of people thinking the same way), but you run many risks of doing this, not least of which is a very angry after you for playing with their finances.
Mark Cuban busted by SEC for insider stock trading!
