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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Theophile who wrote (4251)2/12/2000 5:30:00 PM
From: CF Rebel  Read Replies (1) of 15615
 
mthomas777,

"Nobody mentions that 17% of GBLX float is shorted....."

I think that number is suspect. Yahoo! has insiders owning 81%, which I don't think can be true. Last I checked, institutions are not considered insiders unless they held stock before the IPO. Anyone who can sell at any time without encumbrances can't be defined as an insider. These numbers have been played with pretty loosely since the Frontier merger.

Also, I'd rather Winnick and company stick to managing the company rather than worrying about what shorts are doing. The shorts will get it in the end anyway, no pun intended.

CF Rebel
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