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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (43659)	10/29/2001 11:34:24 AM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

I added to my RBAK position this morning at $4.20/share... IMO, RBAK has incredible UPside and is still in a very oversold condition....this firm has bounced off its lows nicely, has a new management team from Cisco, and is delivering some great technology to the market... siliconinvestor.com I have a hunch that RBAK could be bought out or hit double digits ($10+) before the end of December. We should continue to see short covering and increasing institutional interest. The company has conf. calls later today. * The above are just my views...RBAK is still a risky investment (yet, its my largest) and limits should be used. Regards, Scott BTW, I also like BEAS, BRCD, EMLX and QLGC.

To: Jim Willie CB who wrote (43659)	10/29/2001 11:41:45 AM
From: Mannie	Read Replies (1) \| Respond to of 65232

I definitely see the latest run as a bear market rally. More power to those that can play the swings, I'm still just observing. Business and households are cutting back, anywhere they can. And I think that is building momentum. Unfortunately I think things could get a whole lot worse. Valuations are still flying high. I think I'll take a month off and ponder... Scott

To: Jim Willie CB who wrote (43659)	10/29/2001 12:44:23 PM
From: stockman_scott	Respond to of 65232

12:09 ET Argentine Debt Crisis : Argentina's MerVal has tumbled 4.4% on the session following indications the country would default on at least $38 bln of its foreign debt. Have also heard reports that Economy Minister Domingo Cavallo may seek a voluntary restructuring of all of Argentina's $132 bln in debt.

To: Jim Willie CB who wrote (43659)	10/29/2001 12:51:25 PM
From: stockman_scott	Respond to of 65232

JW: Any thoughts on this...? Message 16574531

To: Jim Willie CB who wrote (43659)	10/29/2001 5:47:38 PM
From: Dealer	Respond to of 65232

stockcharts.com

To: Jim Willie CB who wrote (43659)	10/29/2001 5:49:18 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

S&P sees $100 bln in corporate debt defaults in 2001 NEW YORK, Oct 29 (Reuters) - About $100 billion of corporate debt will go into default this year, more than twice as much as ever before, as the United States heads for its first recession in a decade, a leading credit rating agency said on Monday. Standard & Poor's said more than 200 companies will default on their debt, compared with 117 defaulting on a record $42.3 billion in 2000. It revised its estimated year-end junk, or high-yield, bond default rate to 9.4 percent from the 8.6 percent it projected three months ago. "The U.S. economy is clearly in a recession," S&P's chief economist David Wyss said in a statement. "Although Standard & Poor's expects it to be relatively mild and end in early 2002, the risk of a longer and deeper downturn is high." S&P rates junk bonds "BB-plus" or lower because of their credit risks. The rating agency blamed this year's surge in defaults on recent weakness in junk bonds, which caused prices to fall and yields to rise, and the reluctance of lenders to extend credit. "The current flight to quality ... will make it difficult for stressed obligors to roll over their debts," said David Keisman, managing director at S&P Risk Solutions. "Many companies in financial difficulties will see their funding sources dry up and be pushed over the brink." Another rating agency, Moody's Investors Service, has projected a year-end 10 percent junk bond default rate, and expects the rate to rise to 11 percent by next spring. (( Jonathan Stempel, U.S. Financial Markets Desk, (646) 223-6317, jon.stempel@reuters.com )) REUTERS * end of story *