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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: tony sidhu who wrote (2037)9/22/1999 2:46:00 PM
From: Madharry  Read Replies (1) of 15615
 
I think that depends Tony. We may have different strategies in place. Some people may be short GBLX and long FRO now. when they receive the shares of GBLX instead of FRO that will close out their position.

Some people may only be long FRO and do not like the deal, or only hold it as part of the S&P 500. as soon as they get their GBLX shares they will sell it.

Some people like myself only own FRO as a proxy for GBLX. We will not be buying or selling GBLX in the near future.
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