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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Howard C. who wrote (4675)3/3/2000 10:23:00 AM
From: Marty R  Read Replies (2) of 15615
 
I swear sometimes Merril Lynch analysts are idiots. At a time when the share price is almost sure to go up they downgrade it. But, I'll bet if it were to run up into the 100's they'd wait until then to upgrade it.

In my limited experience the timing of their analyst's are generally poor and can be used as a contrarian indicator. Even though there's often a knee jerk reaction to what they say.

Still, if I were to guess, with all the news swirling around GBLX I wouldn't expect much reaction to this downgrade.

Regardless of the varying opinions about merger talks I believe it's short term effect drives the stock price up. And regardless of the outcome (assuming we don't sell) I've thought all along the long term potential for GBLX is huge.
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