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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: M. Frank Greiffenstein who wrote (3482)12/8/1999 4:30:00 PM
From: JDN  Read Replies (2) of 15615
 
Dear DocStone: Gosh, you sold out and here I am trying to buy more AT THE RIGHT PRICE of course. I was hoping the overreaction to the 500MM Convertible preferred would deliver it to me like a babe in wrappings, alas, people werent THAT stupid!! Well, maybe later. But I would sure advise you to continue to follow the stock. I suspect eventually we are going to get another breakout and it could be very swift when it comes.
Now that you have all that money, I should tell you I just doubled my position in WCOM this afternoon. Its a gamble that the Sprint merger will be approved eventually, but IF IT IS, I think WCOM will be revalued as a Wireless Company and their PE Multiple could take a jump. JDN
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