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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (6439)	10/18/2000 5:06:03 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 30051

Zeev: Triggered out @ 15 and then rebought @ 14 and resold on the break @ $13. Two losing trades but they look much better now. Position trading on the long side is difficult in a down trending market. I didn't think 35 cents was such a good # for sndk. I expected more but don't know what the street was expecting. I'm still "hoping" for a rally but only expecting it to the election at best. I see many economic warning signs. Some still on the horizon but much closer and like you I expected a rally to start earlier than now. Tim

To: Zeev Hed who wrote (6439)	10/18/2000 5:39:01 PM
From: U.B. Green	Read Replies (1) \| Respond to of 30051

Zeev, I'm still in RMBS and SNDK. ( I have more guts than brains.) It looks like they should bounce in the morning. I guess I should see what the Naz is doing before I decide if I should sell into the bounce? Are we going to get ANY rally? Bernie

To: Zeev Hed who wrote (6439)	10/18/2000 5:46:44 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 30051

Zeev, could you give me a quick read as to what the ramifications of this are? thanks, JXM biz.yahoo.com Corning Incorporated Confirms Plan for Convertible Debt and Common Stock Offerings CORNING, N.Y.--(BUSINESS WIRE)--Oct. 18, 2000--Corning Incorporated (NYSE:GLW - news) today confirmed that it plans to commence a dual tranche offering of convertible debt and common stock. The company will offer 30 million shares of newly issued common stock, and will raise approximately $1.2 billion in gross proceeds through an offering of zero-coupon convertible debentures. The public offerings are being lead managed by Goldman, Sachs & Co. The net proceeds from the dual tranche offering will be used to pay for the previously announced acquisition of Pirelli S.p.A's 90% interest in Optical Technologies USA, its optical components and devices business, and for general corporate purposes. The acquisition is expected to close during the fourth quarter of 2000. For a copy of the prospectus relating to these offerings, contact the syndicate department of Goldman, Sachs & Co. Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning's revenues in 1999 were $4.7 billion.