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Technology Stocks : GX Investors Thread
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To: qveauriche who started this subject8/18/2001 8:03:03 PM
From: Steve Felix   of 586
 
I am not a holder GX, but I find it fascinating since so many are fascinated by it,
and positive that it will be "one of the stocks to own in the future". I don't know if it will
return to its' former high flying days, but with the huge float, it won't be tomorrow.
Picking bottoms is dangerous, and their will be plenty of time if it does go "big".
86 mil. shares short at the beginning of July. Probably some have covered. If I was
short I would feel pretty good with fund window dressing season coming.
If I was guessing a scenario I would guess the bottom hasn't been seen yet although
I wouldn't pretend to know where that will be.
I will get interested 1) if it climbs some in Oct. and Nov. 2) If funds are willing to step
in and support the stock higher than the low put in before the end of Sept. when average
Joe is selling his shares for tax losses in Dec.
Those thoughts and 50 cents will buy you the local paper.
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