Pigeon Drop Posted May 28, 2003 Report Share Posted May 28, 2003 Fukui-san, the first step is recognizing that what you are doing is gambling, and you crave action. Link to comment Share on other sites More sharing options...
Tchaikofsky Posted May 28, 2003 Report Share Posted May 28, 2003 Lucent plans $1.3 bln convertible debt offering Wed May 28, 2003 04:21 PM ET NEW YORK, May 28 (Reuters) - Struggling telecommunications equipment maker Lucent Technologies Inc. LU.N said on Wednesday it plans to raise about $1.3 billion in a convertible senior debt to give the company more financial flexibility. Net proceeds are expected to be applied toward repayment or the possible repurchase of certain short- and medium-term obligations and general corporate purposes, said Lucent, which is based in Murray Hill, New Jersey. Also, Lucent said it has entered into new senior secured credit facilities totaling $595 million. Lucent said the convertible debt offering will strengthen the company's balance sheet while giving the company the ability to retire debt and preferred stock at lower interest rates. ============= Trading at $2.19 AH (down .17 or 7%) . . . after 71 million shares changed hands today between $2.15 and $2.44. Link to comment Share on other sites More sharing options...
Fukui-san Posted May 28, 2003 Report Share Posted May 28, 2003 Fukui-san, the first step is recognizing that what you are doing is gambling, and you crave action. I don't and I don't. Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted May 28, 2003 Report Share Posted May 28, 2003 Lucent plans $1.3 bln convertible debt offering That's the second announcement in as many days. When everybody starts announcing debt offerings, isn't that a good clue that yields have bottomed for now? Link to comment Share on other sites More sharing options...
Ned38 Posted May 28, 2003 Report Share Posted May 28, 2003 Lucent plans $1.3 bln convertible debt offering Wed May 28, 2003 04:21 PM ET NEW YORK, May 28 (Reuters) - Struggling telecommunications equipment maker Lucent Technologies Inc. LU.N said on Wednesday it plans to raise about $1.3 billion in a convertible senior debt to give the company more financial flexibility. Net proceeds are expected to be applied toward repayment or the possible repurchase of certain short- and medium-term obligations and general corporate purposes, said Lucent, which is based in Murray Hill, New Jersey. Also, Lucent said it has entered into new senior secured credit facilities totaling $595 million. Lucent said the convertible debt offering will strengthen the company's balance sheet while giving the company the ability to retire debt and preferred stock at lower interest rates. ============= Trading at $2.19 AH (down .17 or 7%) . . . after 71 million shares changed hands today between $2.15 and $2.44. LU has an unfilled gap -$2.04 X 2.09....worth watching Link to comment Share on other sites More sharing options...
Guest Posted May 28, 2003 Report Share Posted May 28, 2003 Lucent plans $1.3 bln convertible debt offering So does ASK Jeeves. Down 4% AH. TECD shy of target. Link to comment Share on other sites More sharing options...
morass Posted May 28, 2003 Report Share Posted May 28, 2003 Anybody else as confused as I am? Not me. Much more confuseder then you Mark. Good on them R-boaters if they can do it and run away. More and more are starting to buy this bull about a new bull and they are the ones who won?t know to run away. Mr. Snow added his reassurances on the deficit today. I feel so much better about that. That?s Mr. Snow?s job. Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted May 28, 2003 Report Share Posted May 28, 2003 Pretty bearish stick. Futures couldn't hold above yesterday's high. High volume for a consolidation day. I would expect down tomorrow. Link to comment Share on other sites More sharing options...
strikerm3 Posted May 28, 2003 Report Share Posted May 28, 2003 Yesterdays Stooltrading transcripts. I want everyone to put some clothes on those girls like My Golden Stool did. Thye're probably cold in those outfits! I will be introducing Stoolcities in a couple of days. You can have your own free website with 20 megs of space for publishing your own market letter or commentary, or just for a place to upload your charts on the web. It will eventually be template based, but initially you will need an html editor unless you're just posting charts. I'll have more info in the days ahead. The only requirement is that your site's content must be market related. IF anyone knows of a good easy to use, freee html editor, let us know. http://www.irfanview.com/ not sure if this will help.... Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted May 28, 2003 Report Share Posted May 28, 2003 A point made by Oyster. (hope you don't mind Oy) Orange line is the 72sma. First touch since 1400. Hmmm. Link to comment Share on other sites More sharing options...
Tchaikofsky Posted May 28, 2003 Report Share Posted May 28, 2003 Lucent plans $1.3 bln convertible debt offering So does ASK Jeeves. Down 4% AH. TECD shy of target. They're crawling out of the woodwork with shares to peddle . . . 4:37pm 05/28/03 Cypress Semi sets sale of $500 mln of convertible notes (CY) By Chris Kraeuter Cypress Semiconductor (CY) intends to sell $500 million of convertible subordinated notes, due 2008, via Rule 144A. Proceeds will be used to redeem at least $400 million of previously issued convertible subordinated notes, to repurchase common stock and for other corporate purposes. 4:24pm 05/28/03 Staples to issue 12 million new shares (SPLS) By Jennifer Waters Staples said after the bell that it would sell 12 million shares of common stock in a public offering. The company has struggled with weak sales and a rocky stock price for more than two years. Staples (SPLS) shares closed down 34 cents to $18.89. Link to comment Share on other sites More sharing options...
chiefywiefy Posted May 28, 2003 Report Share Posted May 28, 2003 I closed out all shorts yesterday. It leaves me 40% long oil, gas and biocrap. It is what is going up so I'll hold. I learned my lesson. I'll wait for the breakdown and then a failed retest of the high to initiate a short position. No more frontrunning. Link to comment Share on other sites More sharing options...
PileDriver Posted May 28, 2003 Report Share Posted May 28, 2003 Here's the link to today's Roger Arnold show for anyone interested. Arnold seems to have this market nailed as far as an explanation of what is happening in the big picture. Roger Arnold Show and they're all going to get it wrong and pay dearly as their "models" are screwy and wrong. This (rally) is the "big setup" required before the next big leg down can begin. EVERYONE has to get it wrong. What a cluster f#@K Link to comment Share on other sites More sharing options...
wndysrf Posted May 28, 2003 Author Report Share Posted May 28, 2003 Redlined again. Only two trading days left in May to have an entire month at Maxxout on the NYSE Record High% of .95 or better. How will we look back at this period in history? The prelude to the biggest stock market crash of all time? Or the prelude to another 1999-2000 meltup to unimaginable heights not even envisioned by Al Green & Co.?? Will this time be different? http://stockcharts.com/candleglance?$...#124;C|D20 Remember "top pick" favorites will be Riverboated into Friday's close. Note the "cup and handle" on COH, a "must own" stock. Another one forming on DELL. Link to comment Share on other sites More sharing options...
Guest Posted May 28, 2003 Report Share Posted May 28, 2003 Here's the link to today's Roger Arnold show for anyone interested. Arnold seems to have this market nailed as far as an explanation of what is happening in the big picture. <a href="http://play.rbn.com/?url=tfnn/tfnn/demand/rogerarnoldshow052803.rm&proto=rtsp">Roger Arnold Show</a> and they're all going to get it wrong and pay dearly as their "models" are screwy and wrong. This (rally) is the "big setup" required before the next big leg down can begin. EVERYONE has to get it wrong. What a cluster f#@K Did you listen to the show? Link to comment Share on other sites More sharing options...
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