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

To: MangoBoy who wrote (1758)	9/8/1999 12:55:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 15615

You said: 40 is a good bottom, IMO, as long as GBLX doesn't raise its bid for USW. GLBX didn't raise its bid, but that wasn't a fundamental consideration. I gave a hint at fundamental weakness, but no one asked me to elaborate: The fundamental reality is declining expectations for rising profits at rising economies of scale versus rising costs to implement scale under effective upward adjustments in previously estimated costs. Competition doesn't help and cable consternation everywhere is causing the red flags of doubt to fly. I'd say the next target is high 20s with an eventual deterioration to 20. The FED "tightening" with coupon passes has only exacerbated the degenerating psychology. This will be an ongoing circumstance since your FED will do anything to maintain a deteriorating prosperity. Confirmation can be seen in the similar case of LVLT. There is no way that one can justify its absurd valuation either. But the piece de resistance was today's: << I have moved [...] out of GBLX and into FRO. >> I did the same for exactly those reasons. mmegs and you haven't got a clue. You had better cease all transactions and wait patiently in cash until you understand just what you're doing. Bottom picking, buying on the down side, buying to hold questionable issues in a bear market, failure to recognize the bear, and self deception, aren't going to serve you or those you influence. Learn the game before you throw the dough out the window.