Marketmover's Marketmovers Message Board

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Non-Tech : Marketmover's Marketmovers

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To: marketmover who wrote ()	1/11/1999 5:33:00 PM
From: marketmover	Read Replies (1) of 2

welcome to the thread. Let's start with a long and a short I put on today. GBLX - I bot on weakness. The weakness was occasioned by Goldman's down grade of PGEX for reasons completely inapplicable to GBLX. GBLX is a pure play on international high bandwith undersea fiber routes. Think QWST at only a fraction of the valuation. It aint a value play, but mM belives this company is destined for a premium valuation and would have one already had it not gone public in August at the worst possible time. mM also reshorted CNXT after allowing it a healthy Monday tech rally. It's going to single digits soon.

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