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

To: oilbabe who wrote (1985)	9/19/1999 1:31:00 PM
From: Retired Eagle One	Read Replies (2) \| Respond to of 15615

$250 share in 3 years. Gilder predicts GLBX 10 times growth during next 3 years. Keeping the PE multiple the same, and multiplying the growth by ten - equals $250 a share.

To: oilbabe who wrote (1985)	9/20/1999 9:27:00 AM
From: quidditch	Respond to of 15615

Good question, hard to answer. Two weeks ago as GBLX was hitting its recent lows (along with FRO) as they renegotiated the merger share exchange ratio and as the Street was trashing broadband stocks generally, the volumes in GBLX were enormous, shorts, puts and calls were probably bought to hedge or take positions and perhaps position institutions for the switch in index inclusion. I think a bigger long-term issue for GBLX technical factors is the enormous overhang of insider shares when these (after one deferral) become available for sale. Regards. Steven