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.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (20303)	1/14/2000 12:49:00 PM
From: SSP	Read Replies (2) \| Respond to of 150070

GLNC - I don't like talking about pink sheet stocks - but this one will be worth a ton - news next week, filings being done - and yes we've heard this all before - GLNC wants to be a Nasdaq stock.

To: Jim Bishop who wrote (20303)	1/21/2000 2:10:00 AM
From: Jim Bishop	Respond to of 150070

IMCC not sure if this was posted already, and too tired to check back. Someone please tell me, is this good, or bad?? Investors discover more U.S. asset-backed options NEW YORK, Jan 20 (Reuters) - Cash-rich investors nabbed U.S. asset-backed securities (ABS) for their portfolios on Thursday, as choices of new issues have been piling on their desks, traders and analysts said. ABS yield spreads in the primary and secondary sectors were steady to firmer this session on heavy demand for bonds that offer higher yield than Treasuries. ''They will tighten a little more,'' said Brian Dirgins, ABS trader at Hartford Investment Management Co. ''There is a lot of money out there.'' Traders reported bid lists which ranged from $75 million to $100 million and featured sub-prime credit card and home equity loans as collateral. Among new issues, Chase Manhattan Corp. (NYSE:CMB - news) securitized $1 billion of its balance sheet, according to market sources. The $945 million senior floating-rate class, with an average life of 3.55 year was priced at 27 basis points over one-month London Interbank Offered Rate (LIBOR). Morgan Stanley Dean Witter (NYSE:MSD - news) sold $526 million of notes backed by credit card receivables from its Discover subsidiary, market sources said. The deal's $500 million senior class with an average life of 5.06 year, was priced at 17 basis points above one-month LIBOR, wider than a premarket premium of 15 basis points. Among other floating issues, Option One Mortgage Corp., an affiliate of H&R Block Inc. (NYSE:HRB - news), has been premarketing $1.2 billion of bonds secured by home equity loans. A large part of the offering is guaranteed by Freddie Mac. Sources familiar with the deal said the underwriters received commitments from investors for most of the Option One bonds ahead of the transaction's official launch. Greenwich Capital will lead the Option One transaction, while Banc of America Securities, Merrill Lynch and Morgan Stanley Dean Witter will co-manage the deal. In other asset sectors, Enterprise Mortgage Acceptance Corp. (EMAC) has been premarketing a $405 million franchise loan deal, which features two senior classes. IMC Mortgage Co. (OTC BB:IMCC.OB - news) planned to sell $261.5 million of fixed-income paper secured by home equity loans, with financial guarantee from FSA. Bombardier Capital Inc., a U.S. division of Canada's Bombardier Inc. (Toronto:BBDa.TO - news), sought to sell $360 million of bonds backed by manufactured housing loans after a unit of Conseco Inc. (NYSE:CNC - news) securitized $886 million of manufactured housing loans on Tuesday. In the broader bond market, the bellwether 30-year Treasury bond was 5/32 lower at 92 8/32 to yield 6.73 percent late Thursday. The ten-year note shed 10/32 at 94 19/32, yielding 6.78 percent. The one-month LIBOR held at 5.81 percent in late London trade.