07-15-06: Good Prospecting Day

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Jul 14, 2006 8:42 pm

Given the recent international events and market correction, I believe Saturday will be an especially good day to prospect. Why? I believe that most brokers who have their clients in ill-advised investments, haven't called their clients. Given the flat performance of the market, I believe a large number of brokers have placed their clients in risky, aggressive investments, hoping for an "upside" return miracle.


Well, that hasn't happened, especially during the past few weeks. And given the recent market correction, plus the fact that these risky investments have dropped in value - a lot, these brokers are no doubt "hiding" from their clients.


So, now is the perfect time to pounce. If a prospect hears from me, before they hear from their broker, the prospect is as good as mine. 

Jul 15, 2006 12:26 am

Agreed.... Thats why I am going into the office strong tomorrow morning (and why I am posting here at 930 on a friday night).... I have about 70 callbacks and am determined to get 4 new meetings for the next 2 weeks from that calling session...


I dont care if I have to stay all day- although I would be missing the beach and the 85 degree day..

Jul 15, 2006 2:37 am


I talked to a woman whose broker turned 600K into 350K over the last 4 years and she seemed interested in working with me. Her spouse howver insists that the #'s I gave them (8%) are too low and they'll never reach thei rgoal with #'s like that.



Does anyone else deal with people like this? It is almost a daily occurecnce for me.

Jul 15, 2006 8:53 am
bankrep1:


I talked to a woman whose broker turned 600K into 350K over the last 4 years and she seemed interested in working with me. Her spouse howver insists that the #'s I gave them (8%) are too low and they'll never reach thei rgoal with #'s like that.

Does anyone else deal with people like this? It is almost a daily occurecnce for me.


Are you the same Bankrep1 who told us that the market is driven by earnings and earnings will always go up so therefore the market will always go up?  Is that you?


Why not show them an Equity Indexed Annuity?  With the market sure to soar they should  be whole before you know it--and getting 7% of that $350,000 makes it an even better idea.


Or you might suggest 3 million shares of Merde Ltd at a dime a share.  It's a French company that is sure to benefit because they sell a filter for gas masks that are sold in Israel and, now get this, also in Lebanon.

Jul 15, 2006 9:43 am
bankrep1:


I talked to a woman whose broker turned 600K into 350K over the last 4 years and she seemed interested in working with me. Her spouse howver insists that the #'s I gave them (8%) are too low and they'll never reach thei rgoal with #'s like that.

Does anyone else deal with people like this? It is almost a daily occurecnce for me.


You can't help him. He knows what he needs and you can't deliver.

Jul 15, 2006 11:32 am

He needs to win the lottery. I don't get why someone would continue to use a broker who turned 600K into 350K over the last 3 years. It has been an excellent time for returns, but this guys broker who churns him in and out of stocks has huge losses, he's a real genius probably making alot of money sucking this guys retirement dry.

Jul 15, 2006 1:01 pm

7 callbacks this morning... 2 appts set for this wednesday. One guy with 600K at an old 401K that he insisted on managing himself (until about 2 days ago when he ''realized he wasnt too bright with this stuff"), and an older couple with trusteed IRA's and trust investments at Northern Trust..... NICE !!!!!!


At this pace I will be outta here at noon and having my first Pacifico by one.....

Jul 15, 2006 3:34 pm

Nice work.

Jul 15, 2006 5:03 pm

Yeah blarm, congratulations!


Something else I do and I almost posted it Thursday night. Whenever we have significant international problems that occur during the week, it's almost a 100% certainty that the Friday of the same week will be a down day. Why? A lot of your heavy hitter traders do not want to hold positions over the weekend during uncertain times. Since the international situation can get worse Saturday and Sunday and they can't sell out of their stock positions, they normally will sell-out on Friday and re-evaluate what to do over the weekend. This virtually assures that Friday will be a down day.


How does knowing this benefit you? What would it be worth to you to call your best prospects Thursday evening to say that there is a good chance that the market will be down on Friday and why? Think you might score some brownie points?


Just some food for thought.

Jul 17, 2006 5:06 pm
bankrep1:


I talked to a woman whose broker turned 600K into 350K over the last 4 years and she seemed interested in working with me. Her spouse howver insists that the #'s I gave them (8%) are too low and they'll never reach thei rgoal with #'s like that.

Does anyone else deal with people like this? It is almost a daily occurecnce for me.


Fine, change the number to 18%.

Jul 20, 2006 7:55 pm

BASELESS PREDICTION ALERT:


I expect Friday 07-21-06, to be a down day; although, not as much as last Friday. I can't imagine many big traders wanting to hold stocks over the weekend, given the events in the Middle East.


Just my opinion.

Jul 21, 2006 7:50 pm

Yes, my infallible predictive skills were correct, once again!


If you want to know what the market will do Monday, just call 1-MAKE-ME-RICH. It's $20 per minute and I cover all the major indices. Operators are standing by. (Shhh, even Cramer and Bernanke call me!)


To get winning lottery numbers, dial extension #18.


To find out if you'll pass Series 7, dial extension #14.


To place "bladder control" curses on your enemies, dial #13.


To find out who will win the next World Series and the Super Bowl, dial #15. (Hint: A Southern Native American and a Southern Predatory Bird.)


Jul 21, 2006 9:57 pm

C'mon doby, what about them Cowboys?

Jul 27, 2006 8:38 pm

ANOTHER BASELESS MARKET PREDICTION:


I'm predicting another down day for the market, on Friday 07-28-06. Given the flat performance today, the uncertainty over Middle East events, and the fact that a lot of traders don't like holding stocks over the weekend, I'm guessing a 70-90 point drop for the day.


Of course, feel free to convert all your clients' assets to cash or short the market, given this "priceless" piece of market intelligence.


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Aw c'mon, humor me. I've gotten two predictions right. I'm on a roll, baby! Just think, in a couple of months, when I've established a track record, I'll be invited to do a guest shot on Cramer. My momma will be so proud!!

Jul 27, 2006 9:04 pm

"Aw c'mon, humor me. I've gotten two predictions right. I'm on a roll, baby! Just think, in a couple of months, when I've established a track record, I'll be invited to do a guest shot on Cramer. My momma will be so proud!!"


Sorry Dob, I havet had a chance to respond. Just got off the phone with your best client- they are ACAT'ing their acc**ts over. You'll get the notice tomorrow.....

Jul 28, 2006 1:22 pm
doberman:

ANOTHER BASELESS MARKET PREDICTION:


I'm predicting another down day for the market, on Friday 07-28-06. Given the flat performance today, the uncertainty over Middle East events, and the fact that a lot of traders don't like holding stocks over the weekend, I'm guessing a 70-90 point drop for the day.


Of course, feel free to convert all your clients' assets to cash or short the market, given this "priceless" piece of market intelligence.


---------------------------


Aw c'mon, humor me. I've gotten two predictions right. I'm on a roll, baby! Just think, in a couple of months, when I've established a track record, I'll be invited to do a guest shot on Cramer. My momma will be so proud!!


You're not looking very good for today, Dob...just goes to show how useless short-term predictions can be...

Jul 28, 2006 8:59 pm

Indyone:

You're not looking very good for today, Dob...just goes to show how useless short-term predictions can be...


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Great News! Word has gotten out about my infallible market prediction prowess and I'm booked to appear on CNBC, Cramer, and Suze Orman next week! Sure, I blew today's market prediction, but they don't care. Seems I have a better track record than most of their guests!

Jul 28, 2006 10:40 pm

Dob, I need to call my bookie.  What's your prediction for the Super Bowl, Lions vs. Texans?

Jul 29, 2006 6:30 pm

Dog-don't forget to write a book.Call Elaine Garzarelli for tips!(She called the 87 crash, rode the celebrity circuit,  developed a crack habit, rest is history)


Stok

Jul 29, 2006 7:29 pm

Dudley Dawson: Dob, I need to call my bookie.  What's your prediction for the Super Bowl, Lions vs. Texans?


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(Lions vs Texans) Super Bowl? ...For what year?  


The 2007 Super Bowl will feature Falcons vs ?.


The Falcons all the way, baby!