Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: t36 who wrote (3503)	12/9/1999 7:53:00 PM
From: N. David Lessani	Read Replies (1) of 15615

"Why 3 points today" I do not know the answer But the following observations are worth to mention: Market makers were trying to accommodate their institutional clients. Institutional activities increased 100% today. Usually average institutional trading on GBLX are 120 trades per day. Today, It was 241 trades, mostly on the buy side. (Trades over 10,000 shares). Again, stock is under heavy accumulations. Most importantly, it is being transferred from "loose hands" to "firm hands" as they say it in Wall Street. These are good omen for share holders of GBLX. Good luck to all longs. Total shares traded 16,300,900 block trades 6,627,000 individual trades 9,681,900

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