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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: jesso who wrote (6174)5/19/2000 7:07:00 PM
From: Captain Jack  Read Replies (1) of 15615
 
jesso -- the NAS is down 4% and gblx down 12% TODAY! <<"GBLX is extremely undervalued to say the least.">> It is valued at what the mkt will pay. Thats what it is worth,, WS is no longer pricing in profits years away in any company that is losing money. Just the way it is,, now it is time to decide if it is worth holding past the next spike (if there is one) or holding until the earnings give it a decent shot. It takes work to drop over half of the years high,,, but they were able to do it,,, It is just going to be a long haul now as any news driven runs will just allow many to exit and bring it back down,,,, if to a slightly higher level,,,
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