The movie “Boiler Room ... This scene is dubbed “The Reco”, which means the junior agent has sufficiently warmed up his prospect to gain an immediate interest. This prompts the junior agent to alert any available senior agent to the potential sale. The senior agent then tries his (or her) best to close the deal right then and there.
What is the meaning of Reco?
Definition of reco. reco. noun. abbreviation for "recommendation". I second Ian's reco for Kavalier and Clay. So good! See more words with the same meaning: contractions (list of). Last edited on Nov 09 2012.
What is a'boiler room'?
What is a 'Boiler Room'. A boiler room is place or operation where high-pressure salespeople use banks of telephones to call lists of potential investors (known as a "sucker lists") in order to peddle speculative, even fraudulent, securities. A "boiler room" is so called due to high-pressure selling.
What is a boiler room?
What is a Boiler Room? A boiler room is a place or operation—usually a call center—where high-pressure salespeople call lists of potential investors ("sucker lists") to peddle speculative, sometimes fraudulent, securities. Sucker lists identify victims of previous scams.
What is pulling a la Reco?
Get the cunt reco mug. This is when someone takes something that belongs to you and proceeds to run off with it. Person 1 "HEY he took my phone !" Person 2 "Man, he's pulling a La Reco ." Get the Pulling A La Reco mug.
What does "reco" mean in a situation?
Do you have to do a reco of the source tree?
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What is RECO short for?
RECOAcronymDefinitionRECOResidential Energy Conservation OrdinanceRECORemote Command and ControlRECOResident Evil: Covert Operations (Half-Life modification)RECORelais Communautaire (French: Relay Community)6 more rows
What is the full form of Reco?
RECO Stands For : Railway Equipment Company | Recommendation.
Does Reco mean recommendation?
noun. abbreviation for "recommendation". I second Ian's reco for Kavalier and Clay. So good!
Is the movie boiler room based on Jordan Belfort?
The plot of the movie is loosely inspired in the life of Jordan Belfort, whose biography was later depicted by Martin Scorsese in The Wolf of Wall Street (2013).
What's Recco mean?
the act of reconnoitring (especially to gain information about an enemy or potential enemy)
What does price at Reco mean?
Reco - This broker has upgraded this stock from it's previous report. (eg. - Sell->Hold) Target - Broker has maintained previous recommendation but increased share price target.
Is Aerotyne a real company?
In reality, Aerotyne is a worthless, dilapidated garage in Dubuque, Iowa. But Belfort hooks the investor with "research" that indicates the 6c-a-share stock could rise to a dollar, "or go much, much higher – your profit on a mere $3,000 investment would be upwards of 50,000…
Do boiler rooms still exist?
Although many disappeared in the 1990s following the burst of the "dot-com bubble", many boiler rooms still operate across the world. Reductions in telecommunication costs mean that a company can viably operate in one country while calling prospective investors in another.
What happened at the end of boiler room?
The movie ends with the FBI surrounding the office building of J.T. Marlin and Seth leaving the office with full immunity.
What firm was the movie boiler room based on?
While Younger, who was only 29 when he directed the movie, said in interviews that he got the idea from interviewing for such a job, Boiler Room was loosely based on the story of Jordan Belfort and Stratton Oakmont, who had made headlines for their rise and fall just a couple of years earlier.
Who played Jordan Belfort in boiler room?
Belfort oversaw a seven-year scheme to manipulate stocks, he admitted in 1999. One prosecutor called the firm “the most infamous boiler-room brokerage firm in recent memory.” Joe Fornabaio for The New York TimesThe real-life Jordan Belfort will be portrayed by Leonardo DiCaprio in the film adaptation of his book.
Is Wolf of Wall Street based on a real story?
The overall story of Jordan Belfort (Leonardo DiCaprio) and his brokerage firm Stratton Oakmont, as presented in Scorsese's film, is true to life. Belfort was violating probably hundreds of laws at any given time, most of which involved defrauding his shareholders and manipulating the stock of dozens of companies.
Where did boiler room movie take place?
New York CityPlot. In 1999, Seth Davis, a 19-year-old Queens College dropout, runs an unlicensed casino in his home near the campus, catering to college students. Although he earns a successful living, he is a disappointment to his father, Marty, a New York City federal judge.
What does "reco" mean in a situation?from urbandictionary.com
A RECO is when your friend is about to/say do something very dumb or stupid. Further creating awkward, terrible or dangerous situations for the person and/or it's surroundings. In such a situation, say RECO
Do you have to do a reco of the source tree?from urbandictionary.com
You'll have to do a reco of the source tree.
What does "reco" mean in a situation?
A RECO is when your friend is about to/say do something very dumb or stupid. Further creating awkward, terrible or dangerous situations for the person and/or it's surroundings. In such a situation, say RECO
Do you have to do a reco of the source tree?
You'll have to do a reco of the source tree.
What does the reco mean in the movie?
This scene is dubbed “The Reco”, which means the junior agent has sufficiently warmed up his prospect to gain an immediate interest. This prompts the junior agent to alert any available senior agent to the potential sale. The senior agent then tries his (or her) best to close the deal right then and there.
What is the theme of the movie "Boiler Room"?
The movie “Boiler Room” explores themes of greed, deception and exploitation. We are taken through the experiences of Seth Davis (played by Giovanni Ribisi) as he rises through the ranks of an aggressive stock sales agency. The firm is later uncovered to be an elaborate fraud.
Why does Vin Diesel not need to hear the basis of the prospect's interests?
He does not need to hear the basis of the prospect’s interests because he is only going to use emotional exploits and deception to win the deal. 1:37 – Chris’ presentation from the very beginning is a lie.
What is cold call?
0:05 – A typical cold-call begins with a decision maker who is too busy and concerned with their immediate problems. They will not want to pay any attention to you or your solution. As a sales rep, you should prepare for this disposition and create a script that helps you keep their immediate attention.
Do sales reps end calls?
Sales reps are trained to never end a call. The decision maker should always prompt for the end of a call to ensure you’ve retrieved the most information. You should also explore and exhaust all attempts at a commitment. But during this call, Seth mistakenly applies a useful sales tactic.
What is a boiler room?
Boiler Room – – Refers to both the physical room as well as the organization that deals in unregulated investment practices.
What is room administrator?
Admin – – The room administrator, responsible for paperwork, files, databases, FAX’s, and emails.
What Is a Boiler Room?
A boiler room is a place or operation —usually a call center—where high-pressure salespeople call lists of potential investors ("sucker lists") to peddle speculative, sometimes fraudulent, securities. Sucker lists identify victims of previous scams.
How does a boiler room work?
According to the Securities and Exchange Commission (SEC), the people involved in a boiler room scheme reach out to investors through cold calls, which are unsolicited calls to people with whom the salesperson has had no prior contact.
What is boiler room strategy?
A broker using boiler-room tactics gives customers only positive information about the stock and discourages them from doing any outside research. Boiler room salespeople typically use catchphrases like "it's a sure thing" or "opportunities like this happen once in a lifetime.".
What was the purpose of the penny stock reform act?
Passed in 1990, the Penny Stock Reform Act sought to reduce the occurrence of penny stock fraud, such as the schemes outlined above. The act included stringent disclosure requirements for brokers selling penny stocks, in order to prevent them from misinforming buyers. It also established an electronic marketplace for quoting such securities.
Is it illegal to use boiler room?
Boiler room methods, if not illegal, clearly violate the rules of fair practice set forth by the National Association of Securities Dealers (NASD). The North American Securities Administrators Association (NASAA) estimates that investors collectively lose billions of dollars a year to investment fraud. 1.
Can you use email to contact boiler room salespeople?
These schemes are no longer limited to basements and boiler rooms; they can be maintained at a variety of locations, such as offices or private homes. Boiler-room salespeople may also solicit prospects through other means than phone calls. Electronic messaging, such as email, text messages, and social media, can be used to initiate contact with a prospect.
What does "reco" mean in a situation?
A RECO is when your friend is about to/say do something very dumb or stupid. Further creating awkward, terrible or dangerous situations for the person and/or it's surroundings. In such a situation, say RECO
Do you have to do a reco of the source tree?
You'll have to do a reco of the source tree.
