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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: steve in socal who wrote (17011)10/4/2001 5:26:55 PM
From: OldAIMGuy  Read Replies (1) | Respond to of 18928
 
Hi Steve, I think they're currently doing an autopsy on my entire portfolio!
:-)

Actually there's a couple of bright spots, but most is painted flat black, army green or caution yellow!!

TV52@gettin'old.ache



To: steve in socal who wrote (17011)10/5/2001 7:50:23 AM
From: rgammon  Read Replies (1) | Respond to of 18928
 
Steve,
GX is taking a beating!!! Down about 50% yesterday. Bonds which were 50-55cents to the dollar two weeks ago are now 22 cents to the dollar. Investors appear to be voting "No Confidence" even though the company has cash to meet obligations thru this time next year. GLW is a bit better off, but only a bit.
This is a minefield, some of these companies will not survive. Pick and choose VERY carefully.

Robert

P.S. I own 1 GX bond, purchased at 54, it fell to 44 the next day, and slid to 41 early this week. Yesterday's price closed at 22, at least at my brokerage.