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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: mmeggs who wrote (1612)9/1/1999 12:12:00 PM
From: professor  Read Replies (1) of 15615
 
GBLX being added to NASDAQ 100 Index is a major positive that will push up the stock significantly going forward. The NASDAQ 100 is heavily indexed as the performance has been stellar the last few years. There are billions of dollars indexed to it and it is growing everyday. Positive inflow will push GBLX for a long time as index becomes more popular. GBLX has a very small float so the impact could be huge when it gets added on Sept. 9. The stock is barely up given arbs shorting the stock trying to lock in a spread on the Frontier deal. A squeeze could be in the makings. I would buy FRO or GBLX and look for the stock to move up big sometime in the next month.
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