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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
Online Status: Offline
Posts: 1855
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   Posted: 26/Aug/2007 at 2:08am |
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Anytime you see the words wire transfer thru Western Union or any other wire transfer agency, that should be a red flag. Also, if it ask you to confirm your information.
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Be fearful when others are greedy and be greedy when others are fearful.
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
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Posted: 27/Aug/2007 at 2:17pm |
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these mails re very common and re used by spammers to deceive people....simply delete them and block the sender
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 29/Aug/2007 at 9:30am |
Beware of online stock campaigns!
Quick money
About 500 mails were circulated advising people to invest in a US firm
Fraudsters invest in the shares of a company, engineer a spam campaign and raise the price
After their expectations are met, they sell their holdings for huge profits
Source: HBL
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 29/Aug/2007 at 9:35am |
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Recently a mail on Nagarjuna fertilizers was also doing the rounds.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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MuKeShHaRlAlKa
Groupie
Joined: 09/Nov/2007
Location: India
Online Status: Offline
Posts: 47
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Posted: 11/Nov/2007 at 8:21pm |
this is a case not only for lotteries but also for stock markets. People tend to chase momentum stocks for easy money. One of the relevant examples is JaiCorp. people are just blindly buying this stock hoping that they would get 100% returns in just 20 days. This Jaicorp has made a new category of stocks called "Circuit Hitting Stocks".This has increased the zeal in people to hunt for quick money. Everyday I come across several topics and discussions named Next JaiCorp or Another Walchandnagar in the making or even Buy this and DOUBLE your money in EIGHT DAYS. I don't know why people run after such stocks. have they forgotten the stock market history? Have they forgotten HFCL,NEPC of the past ?
Reliance Industrial Infra has quarterly profit of less than 5 crores and a market cap of over 10000 crores? 
Its daily traded turnover is at least 10 times more than its annual net profit and still people are buying such stocks
Isn't it lottery ? In this type of lottery people don't have to receive a mail to get fooled they themselves get trapped !!! 
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In Cricket & Stock Markets, everyone seems to be an expert but only a few really are.
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 11/Nov/2007 at 9:00pm |
Necessary, please vote. Thank you in advance. 100% anonymous
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 11/Nov/2007 at 10:15pm |
Mukeshjee,
I am invested in RIIL at lower levels and will continue to hold for 2 years.I am planning to buy Jai Corp at resonable levels around 1k. I have studied a bit about these companies and I am aware that I am taking a high calculated risk and am prepared to loose on these 2 stks if things do not work the way I anticipated... No risk no gains, sometimes only pain !!!
Hari om !!
Edited by India_Bull - 11/Nov/2007 at 10:16pm
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India_Bull forever Bull !
www.kapilcomedynights.com
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MPD05
Senior Member
Joined: 31/Oct/2007
Location: United States
Online Status: Offline
Posts: 140
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Posted: 21/Nov/2007 at 4:29pm |
Originally posted by India_Bull
I have recd following email from some online lottery and I also got some prize (I never subscribed to any !!), sometime back I recd a email from some lawyer in some gulf countries that I am elligible for claiming few billion dollars (I fell down from my chair when I read that)
Needless to say these are all false and is a plot to deceive some people who may fall pray(who doesnt want to earn money for free !!) . Pls post anything that you think is relevant in this topic and save ourselves and others.
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There are many resources on the net that document these scams and frauds. One such good web resource is lookstoogoodtobetrue.com. Among other frauds, it covers "the Nigerian Letter or 419 Scam" and the "Foreign Lottery Scam". As they say, if some thing looks too good to be true, it probably is!!
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