Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Ibexx who wrote (4444)	2/22/2000 4:25:00 PM
From: James B. Ditsworth	Read Replies (2) of 15615

Ibexx: What do you think of the GBLX Leaps at this point? I purchased some GBLX Jan 2002 70s today at 11 5/8, well below the Black-Scholes theoretical price and near today's low. If my memory serves me, I think I remember reading once that you prefer the 1-year Leaps (vs the 2-year), but it seems to me that if one is willing to hold the LEAPS longer-term, it gives the stock that much longer to respond. Plus, the additional premium for 'the extra year' is not very expensive for a whole additional year. I guess you could say the 2-years are a little more 'conservative' (Hyuk, for an inherently speculative investment!). Anyhow, would appreciate any thoughts you have. Regards, Jim Ditsworth

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