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To: Tom Hua who wrote (16702)11/30/2001 10:37:13 AM
From: Paul A  Respond to of 19633
 
I took a small starter in WBSN a few weeks ago and this is one position that wont get covered if the market forces me out of my others.. Only because I took 1/3 position so it could be the squeeze that allows me to make back what I may loss here today from other positions : )

Still been a decent month which really is one helluva an enigma.. Just making me feel pretty stupid but not the first time- definately not the last!

Good luck.. off to the 'other' job I go..



To: Tom Hua who wrote (16702)11/30/2001 11:02:56 AM
From: Brad Davies  Read Replies (1) | Respond to of 19633
 
Tom, just a reminder, today is month end. Look for lot's of stocks to be pumped into close, and ...hopefully retreat next week. End of day shorting of pumped stocks at the end of the month (and quarter especially) is a favoured strategy of mine. I like to sit on the offer at just below a round dollar number that I expect the MM's or other manipulators want to take a stock to, and force them to fill me by the end of the day if they want to close over that number. FWIW.



To: Tom Hua who wrote (16702)11/30/2001 11:20:45 AM
From: Ashley800  Read Replies (2) | Respond to of 19633
 
Tom,
Thanks again..A few months ago I remember you posting your felt XOXO would be a company that probably wouldn't make it. Because of your post I avoided it (only wished I checked with you before going long ENE!).

DJ XO Commun/Invest-2:Sees Equity Hldrs Losing Invest Value
29 Nov 07:40

RESTON, Va. (Dow Jones)--XO Communications Inc.'s (XOXO) board approved a
preliminary agreement to receive $800 million from Forstmann Little & Co. and
Telefonos de Mexico S.A. (TMX)
XO also said it won't make scheduled interest and dividend payments on its
unsecured notes or preferred equity securities after Nov. 30.

XO said in a press release Thursday it will use the equity investment to fund
broadband telecommunications networks development, ongoing business operations
and to complete balance sheet restructuring. XO expect to have a fully funded
business plan once the investment and restructuring are complete.

Forstmann and Telefonos will each invest $400 million cash and own 39% of XO
each. The remaining equity, other than that allocated to the XO's employees,
will be held primarily by senior notes holders.

XO expects its current equity securities holders will lose substantially all
of the value of their investment as a result of the restructuring.


Company Web site: xo.com

(MORE) DOW JONES NEWS 11-29-01
07:40 AM