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

To: CYC who wrote (1435)	8/3/1999 2:39:00 PM
From: MileHigh	Respond to of 15615

Boy, the market sure doesn't like the bandwidth plays right now. Ruf! Ruf! MileHigh

To: CYC who wrote (1435)	8/3/1999 2:49:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 15615

LVLT is technically better, but you're right about covering. Do it now if you haven't already. We're setting up for a rally in the generals. Be aware though that it is just another bear market rally. Don't play the upside unless you're day trading. In that case you have to buy and then on a short covering rally, dump. You don't overstay. The key, of course, is the dollar. With GBLX you shouldn't have a several days lift back up to 40 in mind. That may very well occur and it may provide another shorting opportunity, but that scenario has to be played very closely. It depends upon how it gets back to 40. It might droop down a little lower and then gradually rise up over several weeks to 40. In any event you have to demand that the market come to you and run away when it is providing an easy short entry. It has to be hard to take the position in the sense that you can suddenly see it going a lot higher. Discipline yourself to the major down trends. If they are broken in either of these, you neither buy nor do you sell. You stay away.