Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (7210)	8/15/2001 8:49:24 PM
From: TobagoJack	Read Replies (1) of 74559

Hi Jay, Oops, broker just called. Cash went down 55 basis points and bond went up by equal amount due to execution on GX, not the convertible but the 8.7% Aug 2007 maturity Global Crossing Senior unsecured bond at 70. Now I know why they call it distressed bonds, for I feel exactly that:0) Maurice, I am ahead of you now! First dibs on the tele-carcass ribs! Chugs, Jay

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