Conference nyoss1::market_investing

    I'd be suspect of anyone calling me on the phone to try to sell me
    something, especially anything like securities.
    
    M
    

Re .1: Indeed.

And at the same time, I recognize the need for brokers to solicit new
business. That's why I'm bothering to ask at all.

    Sounds like Hibberd Brown, I wonder if they have a new name }8-)}
    

    I was called about three weeks ago by the same outfit. They are legit
    but not very large. From the discussion I had with the person on the
    other end it sounded like he was being trined on the job. Every
    question I had for him (he was trying to discuss CHEF INTERNATIONAL) he
    either was guessing at the answer or had to ask the person watching
    over his shoulder. He didn't even know the ticker symbol! He did fax me
    some info on the company - I didn't like it - he called me back twice -
    I had to insist he stop calling - end of that story.
    
    I wonder if the have a digital list of names! Anyone else been
    contacted?
    
    dave
    

    
    I'm quite sure Brennan and CHEF INTERNATIONAL are linked in someway 
    but I don't recall the details. When I was contacted by these folks
    I ask about the linkage, the pest from L.C. Wegard thanked me for
    my time and hung up.
    
    -Ed
    

    
    Well, I was just contacted by these guys and they were also pushing
    this CHEF Int.  So I told the guy to fax me some info, and guess what,
    Robert Brennan owns 47% of the company's common stock.  No conflict of
    interest here!!!!! :-)

Have any of the stocks that Brennan's pushed done well?  Maybe 15 years ago
I was cold called by a 1st Jersey guy pushing International Thoroughbred
Breeders.  I occasionally followed it in the stock listings, and it didn't
go anywhere.

    I got a second call from the LCW broker again today. He was pushing a
    company called "Immunotheraputic" (ticker is IMNP). 
    
    Comments, again - on IMNP not the broker.
    

I don't now this stock but... Ask your broker if they are a market maker in this
stock. If the answer is yes... beware as they may have a large inventory of this
stock on their books they are trying to unload before it nose dives.

>    I got a second call from the LCW broker again today. He was pushing a
>    company called "Immunotheraputic" (ticker is IMNP). 
    
    I put IMNP into my QuoTrek and have come up empty all day.  Either they
    gave you a bad ticker symbol or IMNP trades so thinly it's not worth
    considering.  Even if YOU don't mind your stock being thinly traded,
    others will and THEY won't buy.
    
      John

    ref .9
    Yes, the have a large position. The comp[any is 66% owned by Primedex.
    The other 33% is "public". LCW has a big make that BIG percentage of
    that 33%!  
    
    ref .10 
    It is IMNP and it doesn't show up on any of tracking systems. It really
    must be small time. If I can't find it why the h... would I rely on LCW
    to track it for me?! :^(
    
    I have a fax of the information that LCW sent me. It is interesting
    reading except the information tells me nothing about the company,
    like location etc. When I pointed this out to the broker he tripped
    over himself a bit. In fact he sent me two sets of information. One was
    dated June 14, 1993. The other July 22, 1993. The first has a high/low
    for 52 weeks of $9.25 - 5.00. The second has it as $11.00 - 3.50! For
    two pieces of data only 5 weeks apart I was a little surprised at that
    discrepancy.  Of course there is the usual disclaimer about accuracy of 
    information...!  :^)
    
    dave
                     

    I got a call from these guys yesterday. I told him that I only do
    funds. That satisfied him and the sales pitch ended. But I gave him
    the same advice I'll give you now - Elgs - Electroglas.
    
    Electroglas is a semiconductor equipment maker of wafer probers. They
    went public last month at 16, dropped to 13 and now are around 20.
    EG has large orders from IBM, INTEL, MOTOROLA and, yes, DIGITAL for
    fab equipment. With Intel and Moto also building more fabs over $1B,
    and big users of EG, I think this stock is worth a look. FWIW. Bob

    
    Yesterday's closing price for EG:
    
    Electroglas  21 1/2  +1 5/8
    

    Hmm - wish I'd seen this notesfile last year!
    
    I am concluding 5 months of dealing with Wegard.  My advice to 
    others is "caveat emptor."

    My experience -

    . high pressure sales.
    . risky and/or expensive products.
    . not interested in customer's financial goals.

    My learning -

    . read the prospectus.
    . read the 10K.
    . validate what the broker says against the prospectus, 10K, trade mags,
      market quotes.
    . buy low, sell high; don't buy otherwise!
    . a bottom-hugging stock can go lower... ;-(

    I am losing 1/2 of my modest investment because I didn't stick to
    my financial plan and I let the broker's visions of great potential
    returns cloud the risks and costs associated with the investments.
    
    Bob

    I, too, have had problems with Wegard.
    
    If you are in this boat, I urge you to contact John at GLRMAI::DUMONT
    (see .16). 
    
    "Fool me once, shame on Wegard. Fool me twice, shame on me."
    
    Peter McCollum
    Colorado Springs
    

    The latest (10-Oct) issue of Forbes has an article about Wegard (page
    42). It's *NOT* positive!
    
    If you have an account with Wegard, you *really* should read it, and
    also send MAIL to John Dumont (GLRMAI::DUMONT).
    
    This is my last day with Digital, but I can be reached next week on
    the Internet at [email protected] . If that bounces, try:
    [email protected] .
    
    Peter McCollum