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To: Rascal who wrote (28210)8/4/1999 5:14:00 PM
From: sbwookie  Respond to of 41369
 
PSIX borrowed 1.2B (that's a Big B) two weeks ago at 11%, Moody's rated B3. Private sale.



To: Rascal who wrote (28210)8/4/1999 5:16:00 PM
From: Steve Robinett  Read Replies (1) | Respond to of 41369
 
Rascal,
Why are internet stocks interest sensitive? You ask.

This subject came up a couple of months ago on this thread.
techstocks.com
Best,
--Steve



To: Rascal who wrote (28210)8/4/1999 5:24:00 PM
From: J Krnjeu  Respond to of 41369
 
Mr. Rascal,

It's the Wall Street herd mentality. Most stocks with high PE's will suffer more regardless of their business model.

I don't think it really has to do with borrowing costs, rather safer investments with higher returns.

Once the interest rate clouds disappear stocks should start to climb.

Thank You

JK



To: Rascal who wrote (28210)8/4/1999 5:27:00 PM
From: TraderTerry  Read Replies (1) | Respond to of 41369
 


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