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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: TechMkt who wrote (2115)9/24/1999 11:52:00 PM
From: tony sidhu  Read Replies (1) of 15615
 
FezKoprucu ,

Hi, i have a question regarding GBLX stock price movement. ALthough, i agree with the fact that GBLX has held very well, in fact was up on the thursday with the mkt down 200+. The point is that on a day like today why was the stock price lagging. I read something to the effect that tax loss selling will take place till Sep 30th.
GBLX seems to me to under accumulation but the way it is reacting to the market it seems it want to stick around the 25 (+/-2pts) for the last week and a half.

can you please provide your views.

Long GBLX @ 25 and holding APR 30 calls...

thx

tony
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