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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (24776)1/26/2002 8:14:44 AM
From: James Calladine  Read Replies (1) | Respond to of 99280
 
OT--GLOBAL CROSSING
(from another thread)

<<<GX bonds off 32% today on the 9.5's currently Bid $6 Ask $7 -
debttraders.com

Bondholders have written off GX as of today. Amazing but true. Complete capitulation, mega-meltdown.

Something in the negotiations has severely disrupted the confidence of these first-tier lenders.

Expect major plot twisting on Monday. Something beyond any expectation. >>>

Namaste!

Jim