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

To: ronin who wrote (2026)	9/21/1999 2:59:00 PM
From: TechMkt	Respond to of 15615

Tomorrow and Thursday there will be floods of news coming from GBLX and FRO. The market is looking for leadership and I think GBLX will provide a good opportunity to get in at the ground level. Fez

To: ronin who wrote (2026)	9/21/1999 3:38:00 PM
From: Kayaker	Respond to of 15615

There are many others with big action as well. There are six more Oct calls with over 1000 volume today. The Oct 70 puts have a volume over 10,000. Many other Oct puts are over 1000 volume. Someone is shorting the puts I would think.

To: ronin who wrote (2026)	9/21/1999 3:55:00 PM
From: M. Frank Greiffenstein	Respond to of 15615

Out-of-money action... Ronin, there is nothing going on with the smart money. GBLX could not reach 70 by October under the rosiest scenario, LOL. You are describing hedging activity. Probably people with put leaps (long term bearish bets) or people short the stock are hedging their bets with out-of-the-money calls. Just insurance. And Oct70 calls are awfully cheap. Multiply 4000 contracts (400,00 shares) by the premium, and you will see that's not much dollar volume. DocStone