Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: jesso who wrote (6176)	5/19/2000 8:19:00 PM
From: Captain Jack	Read Replies (1) of 15615

jesso -- I realise a large portion of the recent drop is being helped by mkt conditions that I do not expect to improve until Greenspan gets the recession he desires. At that time gblx may be in this range or lower but unlikely much higher without great news. Hopefully the GC issue will give it some. If you go back a few weeks farther you will notice GBLX was over 60. Thats a much bigger loss than the NAS, DOW, or S&P. <<"It won't be much longer before GBLX is VERY profitable,">> That is strictly what we all have been SPECULATING but there are no assurances any company will be profitable. <<"true "long" 2-3 years is the short term.">> Agreed on companies that do not lose over 50% of their mkt cap in any 3 month period. Waiting that long (2 - 3) years and missing opportunities with other issues makes no sense. I am not advocating selling at this level (no matter if someone bought at the high) but I sure would not rec buying it as it looks like it and the mkts are going at least a little lower, and GBLX will peobably outperform on the downside until news arrives-- or profits! And it really took work to drop this %. Most BB issues were not able to accomplish that feat!

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