Model Portfolio of Hot Stock Tips from Spam E-mail
Catching up on the backlog of paper newspapers in my office, I came across an article in this week’s Barrons about a guy who’s been saving his incoming “hot stock tip” spam e-mail and set up a model portfolio tracker to see how it would have done.
On May 5th, 2005 (05/05/05 spooky!) I set out to determine just how much money I could lose by trusting SPAM.
What if I purchased 1000 shares of stock from EVERY stock tip mentioned in a SPAM email? Could we all really be missing out on a great opportunity?
Of course, I don’t have the money to actually waste on an experiment like this. I made this little web site to keep track of the value of those stocks… without my actually purchasing anything.
In other words I haven’t bought any of the stocks listed here. This is just pretend. BUT if I did actually buy them, this is how much money I could be making or losing as of today.
The model assumes that he purchased 1000 shares of each hot top when it came in. As of this weekend, his theoretical investment of $17,405 would have a current value of $9,897.90, for a net loss of $7,507.10.
The one winner among the 37 stocks in the portfolio is Sniffex, Inc., up 188% from $1.17 to $3.37 since June 27, 2005.
More from thestreet.com
