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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: TechMkt who wrote (12704)7/20/2001 2:23:42 AM
From: RobertSheldon  Read Replies (4) of 15615
 
*It's a shame the way management has allowed it to just wither away.*

Ha! If short interest has the importance you imply, please explain the following.

CD is fifth on the shorted list. It also happens to be my firm's largest holding. We bought and bought and bought in the fourth quarter last year (in the $9-$11 range) . . . after originally owning it in the mid teens. If we would have paid attention to the "knowledge" of the street we would have never become so ensconced and loyal to our CD analysis. And thus huge returns would have been left on the table. Not to mention that CD just smashed all estimates for their quarter last night . . . and this is just the beginning for the company.

In effect, you are trying to use the level of rainfall in a given season (observable) in an attempt to discern if an area may become flooded. What you really should be doing is checking on the saturation of the soil and even the deep aquifers (a very complex proposition).

We are used to doing the work necessary to figure out the saturation of soils and aquifers. As GX holders, we are in no danger of becoming flooded. Forget all the crap the street has fed you about figuring out if a security is a good buy or not. The street is full of imbeciles and the like with no better idea than an orangutan in the Sahara desert.

Take care. I hope this helps in your quest to understand stocks.
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