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Non-Tech : Goldman Sachs Group Inc. NYSE:GS -- Ignore unavailable to you. Want to Upgrade?

To: Mark Davis who wrote (168)	8/9/1999 12:39:00 AM
From: Mark Davis	Respond to of 411

Sorry to bear more bad tidings, but looks like Goldie is still misreading the market and sticking IPO buyers with overpriced paper. This time , AMTD's bond issue. To Wit: Priced at par, or $1 for $1, the bond opened lower on July 30 and sold down into the mid-80 cents range this week before recovering a bit to close Thursday at 91 1/2 to 92 cents on the dollar. During Friday trading, it was back down to 88 1/2 to 90 cents. "This one has imploded pretty quickly considering that it's only been trading since the 29th," says Adrian Miller, a convertible bond analyst at Salomon Smith Barney. (Salomon wasn't involved in the offering.) And three bankers say there's more to the issue's struggles than simply the rocky market conditions of the past two weeks. Ameritrade and Goldman Sachs, the deal's lead underwriter, declined to comment. C'mon guys, your rep is fading fast. All we need now is for RedHat to trade below it's IPO price. .................. Fat chance.