My broker was speaking of the AIDS epidemic and how much work was going into it with the laboratories and so on. And this particular company, working so close with it . . . And he said it was absolutely a sure thing . . . It would just continue to rise. I asked the broker not once but three times to send me some information.
Some cold callers wait before turning up the heat.
The callers might ask permission to call again if an exciting deal comes along, but won't pressure you to buy. They assure me that all they want to do is pass along some information concerning their firm and track record, and will get back to me if and when something hot' comes along. Bait and Switch Dishonest brokers lure new customers by encouraging them to purchase well known, widely traded blue chip stocks. After you take the bait, they may pressure you to invest in small, unknown companies with little or no earnings. These stocks tend to be very risky and thinly traded, leaving more investors with losses than profits.