Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Monty Lenard who wrote (31129)	10/10/1998 1:43:00 PM
From: Monty Lenard	Read Replies (1) of 94695

GZ, here is your list of names. But since the list is now public I will not have to eliminate you. :-) Now the banks and brokers own the assets of Long-Term Capital and Long-term investing is not easy. they will continue to place collateral into the company until they can "unwind" the bets at a profit. This may take a year or more. Fourteen institutions ponied up capital to save Long -Term Capital Corp. and now own 90 percent of the company. The new Magnificent Six. Six "magnificent" individuals were chosen to oversee the daily operations. They are: the best "block trader" from Goldman Sachs, the co-head of global debt markets at Merrill Lynch, the head of fixed income's risk management unit at Morgan Stanley, the head of risk control at UBS, Morgan Guaranty's head of global fixed income (including derivatives), and the head of global fixed income/derivatives at Traveler's/Smith Barney. Notice the "block trading expert". Hmmmmmm! Extreme moves intra day??? Huge SPX gaps Thursday???? Monty

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