Billy T
09-29-08, 04:55 PM
I am sure many can contribute to this title, but here is a financial example:
I get many investment Emails especially related to energy production and alcohol. Here is a clever scam that many ignorant of even the most basic chemistry will lose money on. See "pump and dump" promotion* at:
http://www.greencarcongress.com/2008/09/carbon-sciences.html
I think even this site's name is a clever rip off with title resembling a more reputable one.
Anyway they invent the term "bioreactor" to describe what is surely photosynthesis and tell how their bioreactor can use free energy at room temperature to remove the carbon from CO2 instead of the expensive high temperatures that are normally required and use expensive energy etc.
Go there and see cleverly written promotional text that some ignorant of chemistry will fall for. Check out the "about" GreenCarCongress link also. It seems to be one guy, who is the "editor" and claiming to be a leader in the IT field for 15 years. That would make him part of the dot.com bubble. - No doubt he learned how to write good scam text there.
But I hasten to add that all this post is just my un-supported personnel opinion. ;) So make your own judgments about the merits of investing in them. Surely I am entitled to my opinion, legally and it is not yet illegal to know some chemistry, I think. :D
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* later by edit: " ...If you are in the market like we are, then today {29Sept08, day with dow down 777.7 points} was surely a painful day to see most stocks fall off a cliff. Fortunately, our members had the opportunity to lock in a solid gain on CABN today as it gained a whopping 70% following our alert this morning. Congratulations to all who acted on our new idea and were not only insulated from today's carnage, but actually profited! Many of our aggressive traders were able to lock-in incredible gains today by wisely trading the first day momentum following our alert on this very exciting company. This is truly a great story and we are excited to watch its development over the coming months. CABN's technology could really revolutionize how we develop fuels in the future. CABN stock managed to close near the high of the day on all time record volume. ..."
From:
http://www.beaconequity.com/emails07/cabn/CABN5.html
I did not bother to check the closing price, surely still very low, but bet it is 90% lower in a month. Wait a day or two and get in at the peak :( as they dump the shares they bought today.
Ain't capitalism wonderful, or at least educational!
(It is a dirty job, but someone has to separate fools from their money.)
I get many investment Emails especially related to energy production and alcohol. Here is a clever scam that many ignorant of even the most basic chemistry will lose money on. See "pump and dump" promotion* at:
http://www.greencarcongress.com/2008/09/carbon-sciences.html
I think even this site's name is a clever rip off with title resembling a more reputable one.
Anyway they invent the term "bioreactor" to describe what is surely photosynthesis and tell how their bioreactor can use free energy at room temperature to remove the carbon from CO2 instead of the expensive high temperatures that are normally required and use expensive energy etc.
Go there and see cleverly written promotional text that some ignorant of chemistry will fall for. Check out the "about" GreenCarCongress link also. It seems to be one guy, who is the "editor" and claiming to be a leader in the IT field for 15 years. That would make him part of the dot.com bubble. - No doubt he learned how to write good scam text there.
But I hasten to add that all this post is just my un-supported personnel opinion. ;) So make your own judgments about the merits of investing in them. Surely I am entitled to my opinion, legally and it is not yet illegal to know some chemistry, I think. :D
---------------------
* later by edit: " ...If you are in the market like we are, then today {29Sept08, day with dow down 777.7 points} was surely a painful day to see most stocks fall off a cliff. Fortunately, our members had the opportunity to lock in a solid gain on CABN today as it gained a whopping 70% following our alert this morning. Congratulations to all who acted on our new idea and were not only insulated from today's carnage, but actually profited! Many of our aggressive traders were able to lock-in incredible gains today by wisely trading the first day momentum following our alert on this very exciting company. This is truly a great story and we are excited to watch its development over the coming months. CABN's technology could really revolutionize how we develop fuels in the future. CABN stock managed to close near the high of the day on all time record volume. ..."
From:
http://www.beaconequity.com/emails07/cabn/CABN5.html
I did not bother to check the closing price, surely still very low, but bet it is 90% lower in a month. Wait a day or two and get in at the peak :( as they dump the shares they bought today.
Ain't capitalism wonderful, or at least educational!
(It is a dirty job, but someone has to separate fools from their money.)