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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: mts362 who wrote (2059)9/22/1999 6:47:00 PM
From: Triffin  Read Replies (2) of 15615
 
Call me crazy but I sold most of my FRO shares
to the instinet buyers @ 55 1/2 after hours today ..
GBLX is essentially inheriting FRO's position in the
S&P 500 .. all the index funds already own FRO and
don't need to buy GBLX as they will get the shares on the
closing of the merger .. GBLX also in NASDAQ 100 ..
sounds like retail rather than institutional buying ..
keeping some FRO just in case it's up up and away from here ..

Jim in CT ..
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