Are you receiving emails that tell you to buy some stocks immediately as they expect the price to explode upward in the near future? Promising you quick and huge profit.
Most people either ignore or delete such emails. But inevitably there will be some people who will take the bait and buy that recommended counter.
These fraudsters send out billions of emails worldwide. But before they broadcast, they would have bought some shares @3cts for example. Assuming a small group of people respond by buying that counter and bid up the price to 4cts. These fraudsters would then unload their holdings to the buyers. They would make a tidy profit!
Their cost of this exercise - email broadcast costs.
Simple method indeed.
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