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Technology Stocks : GBT - Global Light

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To: Steve Lee who wrote (63)	4/11/2000 12:34:00 PM
From: Czechsinthemail	Read Replies (1) of 223

Great buying opportunity. While the market is being talked out of tech, smart money is positioning in the companies with superior growth prospects. Call me cynical, but with strong 1Q earnings in the cards, this looks like an opportunity to shift funds from slow growth/high PE S&P 500 companies and inflated Internet and biotech companies into companies with strong underlying growth and asset values. Global's holdings in Bestel alone are worth more than the current market value of the stock. And you have a very smart management team that is rapidly growing that asset value. For now, there is a short-term opportunity to buy into the company as a largely undiscovered gem. More people will end up buying into the stock at higher prices particularly as the story becomes more widely known. Global's price decline has been on light volume, and the stock comes back quickly. This is consistent with the pattern of institutional investors increasing their holdings in the company, which should continue. An announcement on the Bestel IPO should come soon that will give the stock price a major bounce. There will also be additional analyst coverage that will spread the word.

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