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

To: Retired Eagle One who wrote (2334)	10/6/1999 1:35:00 AM
From: gizelle otero	Read Replies (2) \| Respond to of 15615

Noteworthy comment from RB board: REMEMBER, YOU READ IT HERE FIRST! THERE'S A REASON I'M THE ALPHA PENGUIN!: By: AlphaPenguin Reply To: 2588 by RWN Monday, 4 Oct 1999 at 2:31 AM EDT Post #2659 of 2659 In response to a number of previous posts: 1. Shorts must cover at some point to realize a profit or cut losses, so ultimately this is bullish for the dedicated longs. 2. Institutions can accumulate by merely setting a limit and buying from those who were arbing prior to the merger or the many retail investors tired of waiting for the pop, or from other institutions in direct side transactions that won't appear on the board, thus not spiking the price. Common practice. 3. GBLX does present an attractive acquisition for others, notably Deutsche Telekom AG (noted in my earlier post #2537)and British Telecommunications PLC. 4. GBLX is already in the SPX (noted in my earlier post). 5. My bet is still $70/share by next April, barring takeover or major market meltdown. The company and execution of the business plan are simply too compelling for the stock price to remain in the doldrums. But this will be a "stealth stock" .. if you look at it every 30 minutes you'll be disappointed, but look at it a month from now and I believe it will be a far different story. If you want to keep it in your portfolio but are afraid of taking a hit, buy some short-term puts as a little cheap insurance. Chalk it up as the cost of doing business and get some sleep. 5. The other penguins are still in their igloos flapping their flippers .. will soon come out and squawk GBLX is a squawking great buy .. probably after it has already risen 10 points. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

To: Retired Eagle One who wrote (2334)	10/6/1999 7:33:00 AM
From: AurumRabosa	Read Replies (1) \| Respond to of 15615

Another reason I doubt another company could takeover GBLX right now is that insiders own so much stock and they all had to sign a 6 month standstill agreement. Is it correct that a standstill means they can't tender their shares to an acquirer? It does mean they cannot sell them in the open market. I hope GBLX will do the buying and then shareholders will profit more.

To: Retired Eagle One who wrote (2334)	10/6/1999 9:54:00 AM
From: Danny Chan	Read Replies (1) \| Respond to of 15615

Folks, I have been reading a lot of frustration about GBLX not moving up while others are moving among the posts here and yahoo board. Here is my take: When a merger in such comparable size took place, there will be a lot of shares floating for trading. Although GBLX merely moves 1 point range each day, but the volume of 15-20 million shares creates huge value for traders. It's equivalent to some smaller stocks move 10 points a day with 1-2 million trading volume. So there are a lot of shares being traded in and out each day and these shares are gradually being pulled out the market to long term holders. Given the sudden increase in the float, it will take 3 month or even longer for long term investors to absorb. Until then, GBLX will continue to trade in tight range and little movement. A good comparison is to Worldcom when it acquires MFS 3 years ago. WCOM stock traded sideways for more than 3 months before it broke out. So if you are long term holder, sit back and relax and if you are trader, go ahead and make profits.