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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: professor who wrote (1613)9/1/1999 12:43:00 PM
From: Daskin  Read Replies (1) of 15615
 
Theoretically, mutual funds managers will buy in the stock that will be added in the NASDAQ100 (at least those index funds), however the stock is still wondering between 25 to 30. Obviously, the uncertainty of FRO merge is highly weighted. The weakness of this sector too. But I am not expecting GBLX will go down further. Savvy investors buy low sell high, and I think it is pretty much low now. JMHO
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