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Non-Tech : LEH LEHMAN BROTHERS

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To: dmcl who wrote (23)3/29/1997 3:15:00 PM
From: Chip Roos   of 315
 
None of my brokers recommended Intel at 140+ but you have a good point. The guy from Gaines Berland who called me on LEH said it was a must buy because of a takeover play within the next 3 weeks....that was 7 weeks ago.
This guy told me that he had information that "of course he couldn't divulge because of the SEC" but since he wanted to earn my business, I could almost bank the fact that this was going through. If it didn't, I wouldn't have to use him again. DUH!!!
Anyway, our point really was to share how little sense these guys make on their recommendations and perhaps save the naive investor a costly lesson.

Chip

PS Sorry it took so long to respond to you..as long as I'm on the subject of costly, I just returned this morning from a week in Maui. A great place but very costly.
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