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Biotech / Medical : GUMM - Eliminate the Common Cold
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To: DanZ who wrote (4489)5/28/2003 11:43:54 AM
From: StockDung   of 5582
 
BOILER ROOM TERMINOLOGY

ABC - Stands for the motto "Always Be Closing," from David Mamet´s Glengarry Glen Ross, a bible of bad behavior for the boiler room set

COLD CALL - A sales call to a customer who does not know you or your product; the initial pitch to reel the customer in

IPO - Stands for initial public offering; a company´s first offering of stock to the public, often followed by a rapid rise in price in the case of a "hot" stock

NASD - The National Association of Securities Dealers, the self-regulation body of the securities industry, which develops trading rules and conducts reviews of members´ activities

OPENER - Usually a junior broker or trainee who "opens" the customer with a cold call, before a senior broker comes in for the hard-sell close

PIKER - A coward, a chicken, a spoil sport - in the boiler room, it refers to a customer who commits to a buy but then doesn´t send a check

PITCH THE BITCH - sell stock to women, a boiler room no-no

RIP - The broker´s commission for making a stock trade

SEC - Securities Exchange Commission, federal agency that regulates the securities industry

SERIES SEVEN - a standardized course of study that certifies a person to become a stockbroker

WHALE - A customer with a vast net income

WOOD - A cold call that gets no results for the senior broker
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