Hey Dripy,
Checked the portfolio lately? After that artificial drop to $0.38, GX has risen all but one day since, and is now at $1.40+ afterhours today. In other words, you could have almost quadrupled your money in a week if you had kept your head and bought when the institutions were forced to sell, instead of pinching granny in the parking lot at the station (thanks Jock). GX is in negotiations to possibly do an equity swap for some of their debt (most likely with British Telecom now that Concert is gone), just amicably settled it's longstanding lawsuit with Tycom (probably a prelude to selling them the Global Marine division), and just announced the availability of worldwide IP VPNs. The current price is only a valid basis of value if the company goes bankrupt, and that's not likely, what with most of their debt not begging to come due until 2004, and $2.4 billion in cash right now before any asset sales.
I'm not going to do it until it happens, but after my 1 stock is worth more than both of yours combined, I'm going to unleash an unending torrent of ridicule your way. Then you can take that bag that I'm holding and wear it on your head until I tell you to take it off. Just thought you'd like to know :-P.
DWB |
