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Strategies & Market Trends : Group Therapy

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To: Wolf 2 who wrote (3579)10/8/2001 11:01:48 AM
From: Logain Ablar  Read Replies (1) of 4564
 
wolf:

from a bs / is perspective I concur with zeev's comments on the gx thread. The company has made committments which will be hard to meet with it current cash flow position. At best its dead money thru year end.

I would bail on any pop in the stock (it won't go to 0 for a couple of quarters). Usually some banker will give it one recomendation to try and get his clients out (this may have just happened where JPM said it won't be in violation of loan covenants).

If you need to be in the telecom space look to avnx and corv where there has started to be insider buying. Odds favor you recovering your losses in these two vs in gx.

Tim
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