Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: bodie who wrote (3517)	12/9/1999 11:23:00 PM
From: N. David Lessani	Read Replies (1) of 15615

If you go to all trades on GBLX today, you will notice stock was stable around $46.25 until 2 pm. After that, between 2:00 PM EDT and 2:50 stock came down on low volume from 46.25 to 44.00 in fairly low volumes compared with the rest of trading day. It is known on Wall Street that MM sometimes trade between themselves in order to manipulate the price either way( In fact,sometime before opening in AM or first 10-15 minute of trading, all legal). I have no proof this was the case today. one should read between the lines. You have to make your own judgement. I am old enough to know these thing happen on NASDAQ. This is not a bad thing for investors either. I increased my position by many K!.

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