Parker Forrester

parnechris

I have been offered shares in a Pharmaceutical company by Parker Forrester. They are currently $66 a share and they have offered them to me at $56 a share. They tell me they will hit around $80- $85 in the next 4 to 6 weeks. Is this to good to be true?

All comments welcomed

Biggles

Yes, it is.

dunstonh

why have you been offered shares? Email scam? illegal cold calling?

Cold calling on share offers like this are a breach of FSA rules and there is only one outcome here. You will lose most, if not all your money. NEVER NEVER EVER transact business on the basis of cold calling. Work on the simple assumption that its fraudulent or desperate.

turbobob

Scam! Report it to the FSA.

Ian_W

Google "boiler room scam" for plenty of interesting reading including THIS from the City of London Police.

beenburned

I had been burnt in the past by an outfit claiming to be based in the UK and lost quite a bit of money. About 2 months ago I was approached by Parker Forrester. They told me that they had a strong recommendation on a Biotech company that was possibly going to go through a bid war and that I would stand to make a substantial return but should only move on the opportunity when they felt it was secure enough to do so. They suggested I open a trading account with them which would be at no cost to me in which I did. Once my trading account was set up I had received a call a few days later by Parker Forrester suggesting that it would be a good idea for me to fund my account in order to expedite a trade quickly as timing was always an issue. I ended up funding my account with the sum of 4,000 EUROS. About a week later they called me again and said they were looking at picking up a large amount of shares in this biotech company through there traders at an institutional level. They advised me to purchase a small position at a slight discount to its current trading price because of the institutional buy. At that point I became suspicious and said I needed to think about it. I looked for additional help through friends and chat rooms on this matter. In the end, most opinions were that I was crazy to fund 4,000 EUROS into a trading account to begin with. My instant reaction as per fear of loss was to contact Parker Forrester and demand my 4,000 EUROS back. To my surprise they did return my 4,000 EUROS. In retrospect if I had taken the shares at that time I would have made a substantial return. You be the judge!

cheerfulcat

beenburned wrote: »

About 2 months ago I was approached by Parker Forrester. They told me that they had a strong recommendation on a Biotech company that was possibly going to go through a bid war and that I would stand to make a substantial return but should only move on the opportunity when they felt it was secure enough to do so.

Legitimate brokers don't cold call. They most certainly do not give stock recommendations, unless you are already an advisory client.

purch

They are currently $66 a share and they have offered them to me at $56 a share

Never look a gift horse in the mouth :money: :rotfl: :rotfl: :rotfl: :eek: .....they've got bad breath !!!!

scammedb4

Parker Forrester = Scam Scam Scam.

scammedb4

I was approached by a man named Chris on Tuesday who worked for this 'firm'. He was a sweet talking smart liar like the rest.DONT believe what they say.I get millions of calls a year from these pretend brokers. I have lost thousands on things like this. Avoid like the plague. Real brokers do not have time to cold call people. These people are scum.

Cy_Vance

I have also been approached several times this year by different salesman from Parker Forrester. First they offered me a gold mine stock and then Imclone -- everytime at a 10% under the market price. Now how can they do this? Whatever the going price was, they offered me 10% lower.

I followed through, curious -- and they wanted me to send the money to their account in a little bank in Cyprus, which I had never heard of. So I checked them out in the internet: absolutely no good information about a company that claims to have thousands of clients and to have been in business for years as Parker and Forrester, two separate companies.

They claim to have offices in NY, Brazil and China. Well, on one site the NY office has a Chinese phone number and on another, a number that doesn't work -- Note a review on this site says they are in Bangkok, not China.

Frankly, I don't know where they are and I don't care -- But they certainly aren't who they claim to be and they're not getting any money from me.