December 2009 Archives

Stock spam is back

15 December 2009 - 07:48 AM | Permalink

For a long time, one of the core features of this site was the index of recently-spammed stocks. At the peak, we once saw 18 distinct spam-advertised stocks promoted in a single day, and for a long time 5 or 6 symbols a day was common. Then all that changed. Stock spam took a body blow. While it would be nice to think that our documentation played a part in raising public awareness and reducing the profitability of stock spam, the truth is that the sharp fall-off was almost certainly due to two high profile arrests. Following the July 2007 arrest of Darrel and Jack Uselton, and the subsequent arrest of arrest of Alan Ralsky in early 2008, stock spam fell off a cliff. It's hard to be sure, but just looking at the graphs, it certainly looked to me as if the Feds had got their men.

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