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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: hotlinktuna who wrote (10988)	8/8/2002 6:41:36 PM
From: Dave Gore	Read Replies (1) of 16631

More ACF News AFter the Bell --- Thursday August 8, 5:29 pm Eastern Time Reuters Market News Asset-backeds-Busiest supply session since late May NEW YORK, Aug 8 (Reuters) - The U.S. asset-backed securities market on Thursday enjoyed its busiest one-day session since late May, with about $5 billion of new supply priced, suggesting some demand returning to the sector recently shaken by worries over weakening consumer credit quality. On May 30, over $5.1 billion of asset-backeds were sold. This rebound in investor confidence meant that corporations could count on the asset-backed market as a cheap source of capital, as investors remained wary in buying corporate bonds amid concerns over poor earnings and accounting scandal. "We were pleased with how the deal went," said a spokeswoman for AmeriCredit Corp. (NYSE:ACF - News), which priced a $1.3 billion car loan securitization on Thursday." News Link: biz.yahoo.com **** BTW -- More battles on Yahoo, but most short seller postings have subsided, FWIW. AAA debt??? by: vmak_98 Long-Term Sentiment: Buy 08/08/02 06:00 pm Msg: 9915 of 9921 if this co is a POS, why the heck did the rating agencies give it an excellent debt rating? do you think the anals get more inside info than the rating agencies? don't let the shorts take your money away!!!!!

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