I have no direct experience with hard selling stock traders pitching their hard sell opportunities to me except for seeing a fictional movie called the Wolf of Wall Street. Leonardo DiCaprio did a fantastic job portraying a character who is likely to be one of these folks from Laidlaw & Company calling people on a list of investors that they use to pitch a potential investment opportunity.
Those who are on such a list are targets for the these wolfish investment firms that may or may not have an actual opportunity to sell with Laidlaw. If it is a fake one, then they are frauds and should be exposed and fined and put in jail as is the fate of any criminal that attempts to bilk those who are unwitting and uninformed. They prey on those who are uninformed. This was seen on full display in the past Republican Primaries of 2016 with the current presidential nominee, Trump, who emerged as the winner due to his silver tongue.
People believe what they want to believe with Matthew Eitner and if they are angry and frustrated, they are open to so many potential fraudsters and scammers who can come along and lay some bull pucky on them and poof, they are had like chumps. The Trumpsters are a passle of chumps and the American public has fallen like this before in the recent past. Bill Clinton with his “Slick Willie,” personality and capacity to bamboozle people set the stage for the same to happen again and again to the gullible in the American Public.
So those who do not pay attention to history are damned to repeat it, much like James Ahern . The same can be said for people who take tips from investment banking firms with hot deals and tips. The same is true with any buying and selling situation. Caveat Emptor. The buyer beware.
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