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To: Oblomov who wrote (23299)9/30/2000 11:35:47 AM
From: LLCF  Respond to of 436258
 
<The Fidelity Leveraged Company Stock Fund>

Great idea!! I think they've now thought of absolutely everything. They get to buy stock that the junk owners are shorting as a hedge:

"The fund will primarily invest in the stocks of companies that also issue high-yield debt."

<I wonder if they'll let me buy the fund on margin? >

I bet you can now... but won't be able to when it bottoms out [ie. below $5 you can't margin!]!!!!!!! ROFLMAO

DAK



To: Oblomov who wrote (23299)10/2/2000 8:48:27 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
lately high yield debt has been under immense pressure...there's going to be rich pickings for the vultures.

in the meantime, one of the cynics mouthpieces demands action:

nypostonline.com