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Non-Tech : LEH LEHMAN BROTHERS
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To: Jim Nans who wrote (3)3/13/1997 10:07:00 AM
From: Philip Armstrong   of 315
 
after yesterdays news about them being fined by the regulators it is now apparent why the brokerage houses were putting on the had sell. When they have a large corporate clinet in a stock and they know bad news is comming out the try to get their client out of it. They do this by hyping the stock and selling it to small investors.
PHIL
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