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


To: ahhaha who wrote (1822)9/8/1999 3:47:00 PM
From: CoffeePot  Read Replies (2) | Respond to of 15615
 
You still have a chance to cover below $26 here....



To: ahhaha who wrote (1822)9/8/1999 7:35:00 PM
From: pass pass  Read Replies (1) | Respond to of 15615
 
Most of the H has been taken by you, haha..., uh-oh!

You probably started short yesterday, I understand your frustration. Longs also suffer from time to time, but most longs are not bitter because there has been no better time for tech stocks and patience pays off. Nonetheless, I like some of the points you made. Please visit my other favorite threads such as JDSU, SDLI, ETEK, QWST, COVD, NPNT, CIEN and NOK.



To: ahhaha who wrote (1822)10/13/1999 3:30:00 PM
From: PaperChase  Read Replies (1) | Respond to of 15615
 
Mr. ahhaha. Do you have an updated opinion on GBLX's newest planned acquisition? I'm disappointed that a huge amount of cash is being used in this transaction. I viewed GBLX cash holdings as a saftey net to deal with debt payments over the short term. Seems the debt rating agencies will notice this too.

I've traded Gblx profitably on the long-side and recently exited with a nice profit. From my posts a couple of days ago you will see I criticized the price of GBLX as going up too fast, at one point making the FRO stock worth $80 on a non-converted basis. I also criticized the spending binge. When I read about how much they overpaid for the next acquisition, I exited the stock in a heartbeat. It doesn't really matter because the momentum players could care less about fundamentals.

The long distance market is sick and I wonder about the more conservative QWST not taking a hit around earnings time.

I know you said to stay on the sidelines around these stocks but I like to tempt fate. <g>