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Technology Stocks : shopping.com (IBUY)

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To: Arcane Lore who wrote (293)12/22/1998 9:33:00 AM
From: Arcane Lore  Read Replies (1) of 435
 
Investing based on tips you find in your e-mail box can lead to a bear of a stock portfolio, according to an analysis done by a group that represents state securities regulators. ...

Investors who put their trust in this "spam" would have ended up with a bear of a portfolio, NASAA found. In an analysis of the eight stocks, none had reached the price projections claimed in the "spam." In fact, six of the eight securities were trading below their recommended purchase prices. Projections were so bullish that stock prices would have had to quadruple on average to meet their targeted prices. The eight stocks were also highly volatile, gyrating up and down by more than 20% in a single day. ...


It's probably unnecessary to say, but all eight were OTC stocks.

The full press release can be found at: nasaa.org
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