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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: akmike who wrote (9128)11/17/2000 5:47:29 PM
From: Sir Francis Drake  Read Replies (2) of 15615
 
All kidding aside, I think we put in at least an IM bottom at 14 7/8 yesterday. However, this is not the same as saying we should strap in for an imminent rocket ride. There are too many investors who will sell GX for a tax loss over the coming weeks, so I don't expect any DRAMATIC and sustained gains until Jan 01. However, under any circumstances, this much is certainly true, IMHO: most of the capital-loss risk in owning GX has been eliminated - which only leaves "dead money" risk as a negative.

Morgan
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