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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (148935)8/1/2002 2:40:22 PM
From: TimF  Read Replies (1) | Respond to of 1574212
 
I figured you were still long. I have to believe TYC eventually will crash under its huge debt load but nonetheless, I am nervous doing this short.

Maybe you could get options privledges. Then you could buy a put and limit your possible losses while still allowing for possible large gains. The downside is the put eventually expires and the stock has to make its move before the expiration date for you to make money.

Tim



To: tejek who wrote (148935)8/1/2002 2:50:15 PM
From: TGPTNDR  Read Replies (2) | Respond to of 1574212
 
Ted, Good luck to you if you decide to do the TYC short.

I'm not seeing bond yields on tyco that look for bankruptcy.

bondsonline.com

Do remember that on July 1, TYC brought in $4.4B with the sale of CIT.

And "Standard & Poor's noted that Tyco began the quarter with more than $7 billion in cash following the recent IPO of its commercial finance subsidiary. Management intends to use a significant portion of this to reduce debt."

biz.yahoo.com

-tgp