Pump and Dump: CDGT
Received a couple of spams hyping the stock "CDGT" (China Digital Media Corporation) to an account that doesn't usually get that sort of thing. The spams were sent from 24.147.51.196 (c-24-147-51-196.hsd1.ma.comcast.net.) on Mon, 9 May 2005 01:26:42 +0000 and 222.117.89.200 (in Korea) on Mon, 9 May 2005 13:15:06 +0000. Text below excludes the honking great "disclaimer" text block that these spammers are wont to use.
EXPLOSIVE PICK FOR OUR MEMBERS
GAINED $5.00 per Share last 5 days of Trading!
Nasdaq Symbol CDGT
That is a $5.00 per share gain in 5 days. Monday will be just as explosive
Good day to all broker's, Day Trader's and Investor's World stock report
has become famous with some great picks in the otc , small cap market's!
Here at World Stock Report we work on what we here from the street. Rumor's
circulating and keeping the focus on the company's news. We pick our companies
based on there growth potential. We focus onstocks that have great potential
to move up in price.! While giving you liquitity.
OUR LATEST PICK IS CDGT WE GIVE IT TO YOU AGAIN AS A GIFT. THIS
COMPANY IS DOING INCREDIBLE THINGS. THAY HAVE CASH AND HAVE MADE
GREAT STRATEGIC AQUISITIONS.
CURRENT PRICE - $7.00
7 Day expectations - $12.00 to $18.50
Monday May 2, 8:00 am ET
HONG KONG, May 2 /Xinhua-PRNewswire-FirstCall/ -- China Digital Media Corporation
(OTC Bulletin Board: CDGT - News), one of the fastest growing companies in the China
broadcasting media and Cable TV industry, today announced the completion of its
acquisition of Arcotect Digital Technology Limited ("Arcotect"), which reported audited
financial results of $3.9 million in revenue and $1.9 million in net income for the full year
ended December 31, 2004.
7 comments:
Received two more of the same, only now they say that the current price is $6.01 -- down from what it was earlier. Isn't the price going the wrong way, guys? Or are you lying? Never can tell with dishonest people. Anyhow, the sending systems were 61.73.168.80 (Korea) on Tue, 10 May 2005 12:09:20 -0000, and 211.226.118.106 (also Korea) on Tue, 10 May 2005 15:00:40 -0000.
They're still spamming the same thing, two at a time. Now they list the current price as $5.25. If anyone wants to follow the trend, have a look at Yahoo! Finance, Historical Prices for CDGT It shows this was a relatively low-volume low-price stock up until about 2nd May, when it started trading in the high tens of thousands per day, and went on a rise up to about eight dollars. Trading volumes are still fairly high, but it seems to be on the way back down again, spam notwithstanding.
The latest two spams come from 61.104.224.20 (in Korea) on Wed, 11 May 2005 07:09:31 -0000, and 222.105.202.27 (also in Korea) on Wed, 11 May 2005 14:48:08 -0000.
The spam continues unabated. They now claim the current price is $5.65, up $0.40 from yesterday, but still down on earlier prices. Bear in mind that only a matter of weeks ago this stock was trading below $2.00, so these guys could still be in the process of offloading stocks they purchased earlier, using the spam-hype to keep prices inflated while they dump.
In any case, the two most recent spams come from 221.151.222.214 (in Korea) on Thu, 12 May 2005 14:36:49 -0000, and 200.170.186.105 (200-170-186-105-xf-static.ctbcnetsuper.com.br. which is in Brazil, for a change) on Thu, 12 May 2005 17:38:22 -0000.
Is the popularity waning? Only one spam in this vein today. They report the current price as $5.50, and the spam itself was received from 82.225.189.124 (rabelais-2-82-225-189-124.fbx.proxad.net., noting that WHOIS lists it as part of an ADSL address pool, and Proxad is in France) on Fri, 13 May 2005 12:37:46 -0000.
Still not dead yet. Persistent, aren't they? This one was received from 218.153.116.114 (in Korea) on Sat, 14 May 2005 09:51:52 -0000. They report the current price as being $5.70, and their "7 day expectations" are still "$12.00 to $18.50". Hope springs eternal, it seems -- or is that "hype springs eternal?"
After a short break, they're back again with one more spam. This one was received from 216.196.202.210 (pdsl-216-196-202-210.fuse.net. -- in the ADSL pool for Fuse Internet Access, Cincinnati, Ohio) on Wed, 18 May 2005 13:58:42 -0000.
Still going with the same old same old. The most recent one was received from 216.233.101.80 (address space delegated by UUNET to a customer in New York City, according to whois.arin.net) on Thu, 19 May 2005 08:06:06 -0000.
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