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To: pater tenebrarum who wrote (67979)2/15/2001 12:46:22 PM
From: Shack  Read Replies (1) | Respond to of 436258
 
Wow, gold ain't fuc*ing around today.



To: pater tenebrarum who wrote (67979)2/15/2001 1:06:29 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
Hmmm, looks like CSFB printed up more paper than they could sell on Tyco....now they're gonna have to eat it (or patch their roof):

public.wsj.com

A little too much PVN script got printed by BAC (of course its BAC, who else is stupid enough!) Unfortunately, not only did they print it, they also paid PVN for it...

Small wonder, then, that similar deals with the new structure have been sitting on dealers' desks for days or weeks. Bank of America Securities agreed to do a $400 million contingent convertible deal for San Francisco credit-card issuer Providian Financial last week. This week, however, the underwriter sold more than half of that deal into the secondary market at a 3% discount, say people familiar with the situation, having been unable to sell it at its full value. That means Bank of America's fee may by exceeded by its costs associated with the deal, these people say. A Bank of America representative had no comment.



To: pater tenebrarum who wrote (67979)2/15/2001 1:43:26 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
I smell ending diagonal in the teeny timeframes.



To: pater tenebrarum who wrote (67979)2/15/2001 2:45:40 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
If the ending diagonal theory is correct, we move down some now. All good clean fun.