If you are as annoyed about "stock spam" as I am, then here’s a website that will make your day: the Spam Stock Tracker.
It was built by Joshua Cyr, chief technology officer for Savvy Software. Josh was curious about how much money he would lose if he followed all of the breathless stock spam he recieves too regularly. So he built a web page that tracks the prices of all the stock spam he recieves, and updates it in real time. It also calculates the total net gains or losses.
What’s the net return? Since May 5th of this year, had you bought 1000 shares of each unsolicited stock spam you recieved (multiples don’t coun’t), you would have lost more than half of your capital.
Stock spam is way worse than Wall Street — down 50% in less than 6 months! It took Wall Street several years to do that — the S&P500 was down about 50% peak to trough (March 2000 to October 2002) — and that was after an 18 year Bull Market.
Its worth noting that out of 47 stocks, there are big 3 winners, 3 break-evens, and 41 losers — and most of those were jumbo losers. More than a third — 14 stocks — were down 75% or more. Hey, even fundamental analysts do better than a 7% success rate, and most of their losers aren’t this huge!
Here’s the full Spam Stock Tracker:
Kudos to Joshua for thinking this whole thing up! Thanks!
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