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

To: AJ Berger who wrote (1469)8/10/1999 10:29:00 AM
From: Tim Cruise  Read Replies (1) | Respond to of 15615
 
Is the price shocking? I agree that I too am surprised to see this stock below $30, but what does that mean. Thankfully the only thing I have on is a very very small call position, and I am in no hurry to re-establish any of my old underlying holds.



To: AJ Berger who wrote (1469)8/11/1999 12:18:00 AM
From: DlphcOracl  Read Replies (1) | Respond to of 15615
 
The price is more than shocking, it is an outright bargain. I was a buyer at 28 and established 50% of my intended long-term position. If this isn't the bottom, it's close enough for me. At this level, either the stock will rebound sharply after the Aug. 24th Fed meeting is over and done with, or it will be an attractive takeover candidate for one of the large telecom players. If it does go lower, I buy again and complete my position.


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