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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Diana who wrote (127611)	10/5/2001 9:45:29 AM
From: Tommaso	Read Replies (4) \| Respond to of 436258

Not really replying to your message, but wanted to share an interetsing new (and seems to me quite legal) stock scam. I got an e-mail yesterday promising me a guaranteed winning stock to be named today. Sure enough, I got the tip this morning--asking me to spend $1,000 of my gains to subscribe to the "newsletter" that gives these tips even earlier. Well, I decided maybe I could get in early on the scam, so I put in a limit order for the stock, which had closed at $2.72. My limit was 3. The stock has just opened at 3.31--and, let's see what it is now: OK, it's holding there. So, here's this guy collecting $1,000 per subscription, then mass-mailing e-mail "tips" that run the stock up, which provides more money for "subscribers". Who are then on the inside of the operation. Maybe there is some law that applies here, but I bet it's keeping within legal parameters.