There have been many blog posts that basically say making money on stock spam is impossible, but I have to disagree. Sure, if you were to go long on the securities, you will lose a fortune
. Over the short term, however, the spammers appear to be making a mint
. I wrote a short article for an upcoming issue of IEEE Security and Privacy
that essentially says that there is so much money being made on thinly traded equities by spammers that it is driving innovation in spam generation. I'll throw up a post once the magazine hits the presses.