Boiler Room Page #10

You don't make money

buying high and selling low.

So what's going on?

Tell me why we shouldn't get out now.

All right. Here's the deal.

I told you things would happen

in 60 days. It's only been 20 so far.

The situation here is explosive,

and I wanted to get you involved.

I've been busy gathering information.

The stock's down for tech reasons.

It just came off the restricted list,

but it's still the same company.

As a matter of fact, Farrow's been doing

nothing but signing more contracts.

- It's looking like our next big one.

- Guys, listen up.

Harry, I'm sorry.

Can you hold on a second?

Hey! Shut the f*** up!

I just got word from Michael.

The rip on Farrow Tech

is now three dollars.

Harry, listen to this.

Jesus Christ.

What's going on over there?

See what I'm saying? People know!

The whole place is going nuts.

It's already up a point, and it just

came off the restricted list.

I'm advising all my clients

to get in on this, and heavy.

You get the same stock we picked up

at eight, only now it's at four.

- When it was at 8, I said it'd go to 20.

- Yes, you did.

It's still going there, probably higher.

This doesn't change anything...

except you're making more money

than you did before.

I liked it at eight. I love it at four.

It's an average down for you.

- A what?

- It's called dollar-cost averaging.

If you own 100 shares at 10 dollars,

and you pick up another 100 at 5...

that's 200 shares

at 7.50 a share.

If I get you involved at 10,

I take you out at 15...

how many points did I make you?

- Five.

- Exactly. But at seven and a half...

if I take you out at 15,

that's 71/2 points.

- That's better, isn't it?

- Yeah, but l...

Let me close the door

to my office. One second.

I also have a bullet on it.

A few days ago, Dan Dorfman on CNBC...

put a heavy buy recommendation

on Farrow Tech.

Listen to me. I just called

a broker friend at another firm...

and had him pick me up 50,000 shares

under my sister-in-law's name.

I'm gonna put all my kids

through college with this stock.

I have 1,000 more calls to make.

I have to call every one of my clients

and give 'em the same opportunity.

You remember when we first spoke?

I told you that this firm...

only has six or seven

great ideas a year?

Well, this is one

of those ideas.

I remember you saying something

about wanting to buy a house, right?

Yeah.

How'd you like to pay for it

tomorrow in cash?

- Are you serious?

- Serious as cancer.

Okay, all I have is...

the 50,000

from our savings account.

Seth, you got a call

on line three.

Look, that's my secretary.

I have to go.

What's it gonna be,

Harry?

This kid is really good.

God, he's gonna

go down hard.

You think I wanna live in this apartment

the rest of my life?

Sometimes I wonder.

I'm the one that got the raise.

Try and remember that.

- I'm the one that goes out every day...

- You can't keep using that.

I've told you a million times

that I will get a job.

But you forbid it,

then you use it against me.

We'll buy the house!

With what?

That was our savings, remember?

The stock's gonna go up!

Seth promised!

No, get out of it.

Sell it all tomorrow morning.

I spoke to Howard Goldberg

over at Prudential.

You lied again,

you unbelievable piece of sh*t.

You lied to all of us.

He told me

about J.T. Marlin.

It's a chop shop, Seth.

You've been selling

their sh*t all this time.

How many people have you f***ed over?

Tell me. How many?

All that bullshit

about them...

wanting you to know

how the business works.

The great training program,

remember?

All the profits you made

for your customers?

Did you do anything for them?

Did you make them any money at all?

Oh, God. I'm done with you, Seth.

This is it. I've had it.

I don't wanna

see you again.

I don't want you to come to the house.

I don't want you to call.

This is worse than the casino.

You've been stealing.

Look at me.

You're destroying

people's lives.

I'm telling you,

he's about to make a move.

No! I can't afford

to leave him out there any longer.

This girlfriend of his may have

already tipped him off.

- He could run at any time.

- She hasn't, sir.

How could you

possibly know that?

And if you're right

and she's so loyal to you...

then why hasn't she given us

any information yet?

I want Davis brought in

by the end of the week. Period.

There'll be a lot of heat coming down

'cause of what Farrow Tech did.

So be smart on the phone.

Calm people down.

The stocks dropped 86%

from yesterday's close.

I don't want people dumping

their shares, understand?

Isaac, I got a Mr. Klastow.

He's super hot.

F***! I gotta deal

with this guy now?

You wanna transfer

your account out? Go ahead.

You're gonna transfer to some broker

who doesn't owe you sh*t.

I'm sorry we couldn't foresee this when

we first came to you with the stock.

I lost you $60,000.

There is no one who wants to make

that money back for you more than I.

When's the last time

you closed something?

You couldn't close

a f***in' window, you moron!

What the f*** is this?

What is this?

You think I'm gonna sign

a sell ticket for you?

What'd I just say?

Get him back on the phone

and explain the situation to him.

Get on the phone! No one is gonna

unload today, you hear me? No one.

You're a mutt.

Seth, I've got a Harry Reynard

on the phone.

Yeah, put him through.

- Hi, Harry. I was gonna call you.

- I want my money back.

- Look, Harry,

- I know you're pissed.

We had a setback, but don't worry.

It's become a gold stock.

I plan to bring you eight or nine points

over the course of this year.

People are talking about it

like it's the next Microsoft.

Listen, I'm in a heap of trouble here.

I need that money back.

It was supposed to be a down payment

for a house for my family...

and now we're gonna

lose the house.

- It's gonna rebound.

- Seth, I need the money back!

I'm sorry, Harry.

I can't do that.

Please, Seth,

I need the money back!

I have to go.

Hello? Hello?

If he calls back,

I'm not here.

J.T. Marlin.

- Seth Davis.

- May I ask who's calling?

- It's Harry Reynard.

- He just stepped out for a meeting.

Oh, God! Damn it!

I wish my dad could've stepped

into the casino just once.

He would've had

to be impressed.

Four employees, an organized payroll,

huge client list.

It's funny looking back.

The illegal business I was running...

was the most legitimate thing

I had going.

I looked my customers in the eye

and provided a service they wanted.

Now, I don't even

look at my customers...

and I push them something

they never asked for.

What are you

doing here, Seth?

I thought I told you

I didn't want to see you again.

I need to talk to you.

What is it?

I want out of the firm.

Great. Leave. I don't care

what you do anymore.

I'll tell you this, your coming here

is unacceptable to me.

- Do you want to cost me my judgeship?

- No.

I can't have any connection to you.

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