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Scott

Nice play on staying put with YRCW. The other big one I blundered was a medium term MGM bond as well. I had bought a ton of them for just under 30 cents on the dollar and exited way too soon.

Anyways I looked into a bit more of the price action for you on your Nortel notes. As of right now, that Etrade offer is actually good. The best I could find on the virtual bond exchanges like Value Bond is a 1000 size bidder, or 1 million face for $60.00 flat.

Looks like late last week there was some decent action going on, I am assuming that must have been when the news broke out on the patents/Apple, and there was a bunch of big size trades going through where dealers were buying the bonds from folks like you at the $70 handle.

Regards
Brandon
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