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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: gruetz who wrote (12707)7/19/2001 11:27:32 PM
From: Douglas W. DeVries  Read Replies (3) of 15615
 
I am seeing some amazing similarity in the trading patterns of GX and a stock I owned three years ago. (Cymer, Inc.) (CYMI). Three years ago this stock was flying high and split 2 for 1. Then the company issued debentures with favorable interest rates that were convertible into common shares. The company pulled out of an investment conference in which management was supposed to appear and the company reversed previously rosy guidance due to unforeseen order cancellations for its lasers used in semiconductor manufacturing equipment. This sector hit quite a rough patch at this time and a real shorting party resulted. The stock cratered from the mid - 30's to 6 or so. (Sound familiar?)

The good news for CYMI is that they are profitable today and trading at 23 and change in this less than vibrant market. Their market is far less lucrative than GX's market looking forward and I believe that once GX hits critical mass it's going to run like no stock I've ever owned, especially from these levels. I have read Gilder's last Technology report cover to cover four times and we will win big with this one if it isn't taken private in an LBO. (God forbid) There is going to be some massive future positive cash flow for this company.

Fez, I recommend that you get stay away from the boards for a couple of weeks. You're watching the short-term action far too closely.

Doug
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