boilerroom

A mullet, which is (literally) a fish reportedly so stupid that it will take almost any bait, was adopted as slang by stock brokerage "boilerroom" operators as a term for an investor gullible enough to fall for any sales pitch revolving around a "story" stock.

Crocodile Tears for Madoff's Mullets 2009

In which a boilerroom of salesmen break their balls and each others'trying to sell crappy vacation lots.

The Big Picture 2008

I used to go out to the boilerroom and smoke a cigarette.

Oral History Interview with James and Nannie Pharis, 1978 December 5, 1979 January 8 and 30. Interview H-39. Southern Oral History Program Collection (#4007). By James Pharis James Pharis 1979

They are out there, but the vast majority of penny stock alert services are boilerroom operations and pumper-&-dumper schemes.

Yahoo! Answers: Latest Questions 2009