{"id":715,"date":"2007-06-04T08:01:39","date_gmt":"2007-06-04T13:01:39","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/news\/stock-spam-promotion-in-major-financial-publications-guangzhou-global-gzgt\/"},"modified":"2018-08-12T01:31:27","modified_gmt":"2018-08-12T06:31:27","slug":"stock-spam-promotion-in-major-financial-publications-guangzhou-global-gzgt","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/news\/stock-spam-promotion-in-major-financial-publications-guangzhou-global-gzgt\/","title":{"rendered":"Stock Spam Promotion in Major Financial Publications! Guangzhou Global (GZGT)"},"content":{"rendered":"<p>A couple days ago&nbsp;I was reading Investors Business Daily and something caught my eye&nbsp; &#8211; no it wasn&#8217;t a great piece on technology trends or the next hot company.&nbsp; It was a full page ad from growthstockguru.com promoting a pink sheet penny stock, Guangzhou Global (GZGT)!&nbsp; I read a lot of financial publications and don&#8217;t ever recall seeing a full length ad with the same kind of flashy promotion you get in your junk email.&nbsp; Is the desperation for ad dollars this great?&nbsp; To me it&#8217;s unbelievable that respected publications like Investors Business Daily would put their credibility on the line for a few bucks like this.&nbsp; IBD isn&#8217;t the only one.&nbsp; Apparently Forbes, Fortune and BusinessWeek were running these ads as well but I haven&#8217;t seen them.&nbsp; The IBD ad is right in front of me on page A13 of the Friday edition (the ad is running yet again on page A15 of the weekend edition).&nbsp; Shame on you IBD and other publications for being a part of the stock spam problem and not a part of the solution.&nbsp; How do you live with yourselves knowing that&nbsp;some of your readers may have naively jumped into this stock before the big dump.<\/p>\n<p>The IBD ad ran in the Friday edition.&nbsp; After all the pumping from these slick ads, Guangzhou Global (GZGT) began the big dump with a little&nbsp;more than an hour to go in&nbsp; trading Friday.&nbsp; A nearly 38% drop.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/selfinvestors.com\/tradingstocks\/uploads\/Image\/gzgt_stock_spam1.gif\" alt=\"gzgt stock spam\" \/><br \/>\nchart via <a href=\"http:\/\/moneycentral.msn.com\/investor\/charts\/charting.asp?Symbol=GZGT&amp;&amp;ShowChtBt=Refresh+Chart&amp;DateRangeForm=1&amp;CP=0&amp;PT=3&amp;C5=6&amp;C6=2007&amp;C7=6&amp;C8=2007&amp;C9=0&amp;ComparisonsForm=1&amp;CE=0&amp;DisplayForm=1&amp;D4=1&amp;D5=0&amp;D3=0&amp;ViewType=0&amp;PeriodType=2\">MSN<\/a><\/p>\n<p>I would like to commend Kiplinger&#8217;s for being responsible and not running these ads.&nbsp; <a href=\"http:\/\/www.kiplinger.com\/columns\/picks\/archive\/2007\/pick0601.htm\">According to Thomas Anderson of Kiplinger<\/a>, they were also approached and declined to run the ad.&nbsp; There is some interesting background in this article about the relationship between growthstockguru.com, GZGT and the advertiser as well as the financials of the company.&nbsp; Some highlights:<\/p>\n<p>&#8211; The editor of growthstockguru.com, Aharon Bronfman doesn&#8217;t show in a search of private and public databases.&nbsp; It&#8217;s entirely possible this person doesn&#8217;t even exist! <a href=\"http:\/\/google.com\/search?hl=en&amp;rls=GGLJ%2CGGLJ%3A2006-38%2CGGLJ%3Aen&amp;q=%22Aharon+Bronfman%22&amp;btnG=Search\">Do a search in Google<\/a> and you&#8217;ll see what I mean.&nbsp; Fifteen years of investment experience and this guy is invisible?&nbsp; Also interesting to note that the website went online just days before GZGT started trading.&nbsp; So much for the hype in the ad that claims Aharon&#8217;s 3 recent stock picks went on to extraordinary gains.&nbsp; <\/p>\n<p>I&#8217;ve taken this a step further and uncovered the following:<\/p>\n<p>&#8211; The listed address for GrowthStockGuru.com is <\/p>\n<p><span style=\"font-weight: bold;\">Growth Stock Guru<\/span> <br \/>\n1461 A First Avenue, # 360<br \/>\nNew York, NY 10021-2209<br \/>\nUSA<\/p>\n<p>If you do a <a href=\"http:\/\/google.com\/search?hl=en&amp;rls=GGLJ%2CGGLJ%3A2006-38%2CGGLJ%3Aen&amp;q=1461+A+First+Avenue%2C+%23+360+New+York%2C+NY+&amp;btnG=Search\">Google search<\/a> for the address 1461 A First Avenue, #360, New York, NY 10021-2209 you start&nbsp;seeing other unsavory companies with the same address such as <\/p>\n<p>&#8211; A <a href=\"http:\/\/wsr-corporation.com\/en\/contact.html\">Witherspoon, Seymour &amp; Robinson Inc<\/a>&nbsp;which looks to be a fairly shady company in its own right.&nbsp; <\/p>\n<p>&#8211; Is it coincidence that another investing site tradesoeasy.com with <a href=\"http:\/\/spamhuntress.com\/2005\/05\/01\/german-frame-spammer-exposed\/\">rumored links to a german spammer<\/a> has the same address?&nbsp; I think not.&nbsp; It appears that the address used by growthstockguru.com and many other unscrupulous companies is some sort of address forwarding service.&nbsp; <\/p>\n<p>It&#8217;s unclear just who owns what and all the parties&nbsp;behind the pump and dump scheme.. but the bottom line is that Business Week, Forbes, Fortune and Investors Business Daily, whether they realized it or not, &nbsp;all were a part of that.&nbsp; That is mighty disturbing.&nbsp; Could they not do&nbsp;a simple background check as I have done and realize this was most likely a classic pump and dump scheme? Or was the desperation for ad dollars too&nbsp; great to pass up?&nbsp; <\/p>\n<p>I don&#8217;t have the time or resources to research this any further but the moral of the story is to be careful out there avoid those pink sheet stocks!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A couple days ago&nbsp;I was reading Investors Business Daily and something caught my eye&nbsp; &#8211; no it wasn&#8217;t a great piece on technology trends or the next hot company.&nbsp; It was a full page ad from growthstockguru.com promoting a pink sheet penny stock, Guangzhou Global (GZGT)!&nbsp; I read a lot of financial publications and don&#8217;t &hellip; <a href=\"https:\/\/selfinvestors.com\/tradingstocks\/news\/stock-spam-promotion-in-major-financial-publications-guangzhou-global-gzgt\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Stock Spam Promotion in Major Financial Publications! Guangzhou Global (GZGT)<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-715","post","type-post","status-publish","format-standard","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/comments?post=715"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/715\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}