Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: thebeach who wrote (315)	3/9/1999 8:20:00 PM
From: Oblomov	Read Replies (2) of 15615

No offense intended... and you are totally correct in regard to momentum investors moving the DJIA from 4000 to 9700... I just think that the logic is flawed... this stock does not need to automatically move up because of its split. In fact, it probably will not. The move over the last few weeks has been due more to the Lucent and Equant deals than anything. I doubt that we will close above 40 tomorrow. The effect will be that the people who anticipated a move due to a split will be frustrated and sell. At least this is what I expect will happen. How pointless... GBLX has a very bright future, but I expect a lot of volatility. AA

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