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Pump'n'Dump: it's all about the timing, baby
- IT TOPICS:Emerging Technology, Management, Networking, Security, Windows & Microsoft
Funny guy: What's the secret of great comedy?
Straight man: I don't know, what is the secret of gr...
Funny guy: Timing.
And timing is also the secret to profitable stock kiting. In my previous post, I quoted Symantec's Amado Hidalgo, who hinted that the Trojan writers appeared to be working to a deadline. Presumably it was a deadline imposed by their stock-kiting scam-masters.
I'm guessing from the date of the blog post that the "burst of almost 1,800 emails" that Hidalgo talks about would have been over the weekend, or certainly before the markets opened on Monday.
Yes, timing is everything when encouraging fools to part with their cash. The botnet needs to be ready to spew out its quota of kiting come-ons at what the scammers calculate is just the right moment.
I've written more about this at richij.com.
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