Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Daskin who wrote (1587)	8/31/1999 5:01:00 PM
From: M. Frank Greiffenstein	Read Replies (1) of 15615

3 month chart... Daskin, check out any 3 month chart. You will see that GBLX bounced off 25.5 not too long ago. GBLX stopped there today too on heavy volume. We could be forming a double bottom. Tomorrow is critical. I bought more today. I am betting that the drop in GBLX represents the market's discounting of an expected increase in cash and/or shares for FRO. I do not think that will happen. And if it does, its not the end of the world, that event will have been discounted. I see little risk at these levels. DocStone

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