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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1185)	6/16/1999 5:16:00 AM
From: oilbabe	Read Replies (2) \| Respond to of 15615

CNBC announced again this morning that GBLX considers their bid superior, and WILL NOT raise or alter their bid. Well, at least we'll not be hitting $40 any time soon....

To: ahhaha who wrote (1185)	7/3/1999 12:55:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 15615

Here we are at 40 and the stock is still searching for a bottom. It's sitting on its long term uptrend and so can't take a lot of pounding. Since I believe the generals are going up for Custer's Last Stand, perhaps GBLX will get some short covering rally back up. About all you can hope for is 7/20 in time and 43 in price. It is my style to sell rather than wait for a rally back up. If we get that rally, don't overstay the position, because when it starts looking good you need to see some persuasive news and big volume to hold.