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Technology Stocks : McLeod, Inc. (MCLD) ---- IPO -- Ignore unavailable to you. Want to Upgrade?


To: Larry Brew who wrote (1044)11/29/2001 10:41:18 AM
From: BWAC  Read Replies (1) | Respond to of 1418
 
Apparently Forstmann and company are the devil and a shareholder looking for the whole pie. Apparently their early stage investment was just the cost of doing business to be in position to exert control for pennies in the midst of crisis? Judging form XOXO today?



To: Larry Brew who wrote (1044)11/29/2001 11:22:56 PM
From: Ronald P. Margraf Sr.  Respond to of 1418
 
Hi Larry,

I picked up a boat load of this stuff today myself. I figured it would be in the mid 60s either today or tomorrow without XOs PR. That is just where it was heading. Never expected the bonus of the 50s. That was a plus. So I picked up some @ 63 an 54. Looking for a nice run on this over the next week or so.;-))))))

To bad about XO though.;-(((((( But the hand writing was on the wall. When Moody found the flaw in the 10Q, it was all over for them. Then when Banc America came out an said that BK was imminent, it sealed their tomb. The price of the stock was already showing signs of breaking down. If they didn't stop it at the price they did, who knows how low it would of went. Now I see that all their bonds have been downgraded.

Myself, I'm not too worried about MCLD at this point. I think today was a good buying opportunity. I think the ones that have to worry are the folks that are in companies with debt similar to XO. They will be next.

Ron