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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: DlphcOracl who wrote (5288)4/8/2000 6:18:00 PM
From: JDN  Read Replies (1) of 15615
 
Dear D.O.: Normally, I think I would agree with you except dont forget the two IPO'S coming up. They in and of themselves MIGHT change the dynamics of this OVERNIGHT. I might point out also that without a crystal ball no one a year ago could have foreseen GBLX being flat or down a year later. In my case I bought in initially at the big dip and got most of my stock at 33, so for me at least this isnt so bad, since then I have added on dips such as we had last week. Point is, sometimes it makes sense to average in on an investment. This turned out to be one of those times. I really feel once the current available stock is absorbed by the market the price will begin to move up and once those IPO'S are done, IF they are successful the price may move up aggressively. JDN
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