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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 3:59 PM EST

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To: Glenn D. Rudolph who wrote (17188)9/14/1998 7:25:00 PM
From: H James Morris  Read Replies (3) of 164684
 
Glen, you asked me about the Amzn Junk bonds.
<The bond is now trading at about 12 1/4% YTM, or 740 basis points over the Treasury. It was sold at a spread of 433 basis points in May. Ouch...>
Are you glad that your a suffering short, rather than being a 5 year Junk holder?
Who in the hell did Morgan Stanley sell the Junk too?
Not William, I hope!
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