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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (4543)	3/23/1999 4:59:00 PM
From: Bucky Katt	Respond to of 57584

They are where the value is, so they will get their turn, and I think we can all help each other with them. The money has to find a home, so it will just be rotation. I still can't help think about the Goldman going public thing, which by now you should all know the story how I went short big last year, just as Goldman announced, and the markets dumped. Maybe this is a pattern????? On another note, if we go into the Balkans, which I see as a bigger mistake then we have already made by spending 5 billion a year to play cop in the area, the Yugoslav air defense systems will shoot our planes down, a lot of them. They are well equipped and trained, and the DOD maybe thinks this will be another Iraq. Not a chance, this will be a mess. Not to mention the fact the Russians are really pissed about this....Then, will we are playing in the Balkans, China moves against Taiwan? Or at least devalues? Oh, and this indicates that perhaps we have seen the low in interest rates for this cycle, as these are the smart money people>>>AT&T sells record $8 billion in bonds NEW YORK, March 23 Telecommunications company AT&T Corp. (NYSE:T - news) on Tuesday priced an $8 billion three-part global bond offering, the largest U.S. corporate bond issue ever, market sources said. Demand was heavy for the eagerly awaited issue aimed at financing AT&T's share buyback program and short-term debt related to its recent $55 billion acquisition of cable company Tele-Communications Inc. Institutional investors bid for several times the amount offered, leading AT&T to boost the size of the issue from $7 billion. Interest in the AT&T issue was especially high because ''There has not been a lot of telecom paper like last year. There is a lot of cash out there,'' one investor said. AT&T issued $2.0 billion in five-year notes yielding 64 basis points over U.S. Treasuries of comparable maturities; $3.0 billion in 10-years at 84 points over, and $3.0 billion in 30-years at 94 points over. AT&T has not tapped the debt market since 1995. Some observers worried its return may be inspiring a flock of copycat deals which could flood the market with an excess supply of bonds. ''I am a little concerned that we may have become over-hyped,'' said one analyst.

To: Rande Is who wrote (4543)	3/23/1999 6:16:00 PM
From: Coz	Read Replies (1) \| Respond to of 57584

Thank goodness for penny stocks. . . I completely agree. Were it not for the couple of pennies I own, today would have been most painful. --Coz