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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (9521)7/15/2002 4:35:20 PM
From: Bruce A. Brotnov  Read Replies (1) | Respond to of 16631
 
Interesting comments on the bell on CNBC as Joe Kern asked the other "Tyler noise" - did President Bush's speech help or hurt the market? Answer - no answer. Yet, when the DOW was down 260 at the start of the speech and the market drifted lower - Tyler was the first to say "the market was not impressed" with the speech -same old thing. He was quick to criticize but when the market reversed then he had no response.
Not many days that you see a 400 point bounce in the DOW. I remember one in 97 I think when the bears kept beating the tune about overseas market detriments to the US and the market dropped 500 points near the open and reversed at 10:00, that was a capitulation day and start of a nice run that lasted perhaps 3 years.

Let's do it again,

Bruce



To: Dave Gore who wrote (9521)7/16/2002 8:53:29 AM
From: Carl Worth  Read Replies (1) | Respond to of 16631
 
incredible report from NXTL if the numbers are real, these days can you trust anyone who beats estimates by this much?

taken to itself this would be an impressive story, the company executes solidly and then is able to go out and buy its debt back for 60 cents on the dollar, thereby getting an instantaneous and huge return on their money made this quarter...it would be like getting a raise at work and then having the bank call you and say they will let you pay off part of your mortgage with them matching your money 1:2

they still have a ton of debt and with their bonds expected to trade up 15% at the open they won't be able to buy their debt back as cheaply in the future but if these numbers are real this looks like it could be a huge winner long term

i wish i knew for sure their numbers are real, these days if it seems too good to be true, how can you help but be skeptical?

huge congrats to NXTL if this is for real, going to be a nice day for the holders of 86M shares short of NXTL <g>

carl