Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (69430)	10/22/1999 4:44:00 PM
From: JRI	Read Replies (1) \| Respond to of 132070

Tice was wrong about Tyco and created a great buying op this week <EOM>

To: pater tenebrarum who wrote (69430)	10/23/1999 11:47:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

hb, In those types of hedges, folks usually have very little risk. Every once in a while you get somebody who wants to play cowboy, like Orange County or Long Term Credit, but most folks don't use that kind of margin. Still, the losers are losing and they should show up. However, when you look at trading results at banks, brokers and insurance cos, the bottom line isn't sufficient. You have to look at the balance sheet, which is the corporate locked drawer where bad trades are hidden. This is especially tricky as many of these institutions are allowed to carry them at the better of cost, face value or market until they are realized. So, my guess is that is where a lot of the pain is hiding. I remember during the bond bear market of the early 1980s, an insurance co. where I worked carried many bonds trading at $65 at $100, perfectly legally, but not exactly enlightening to anyone reading their financials.