SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Global Crossing - GX (formerly GBLX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ally who wrote (13086)8/3/2001 1:24:28 AM
From: charger  Read Replies (2) of 15615
 
Howdy padners! Long time no speak...what the %@*! is going on with this stock? Lucky for me I blew out at $20 or I'd be homeless right now. No &hit. At least now I can think about establishing a new position at this level and putting it in the drawer for a year. It just might be worth more by then. Problem is, institutions get real itchy trigger fingers as the $5 level approaches, as it raises margin issues, etc. If that level gets taken out, you're looking at a $3 stock. That doesn't seem like a big deal, ya know, only another $2, but that's almost a 50% haircut from here. It feels like a full blown deep recession environment is getting discounted into the GX story right now, which is what I believe we are going to get in this country once the real estate bubble pops. So I'm not sure I'm quite ready to jump in just yet. Will GX survive? Probably, but it could also get cut in half again in the mean time...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News