Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: M. Frank Greiffenstein who wrote (2354)	10/6/1999 4:08:00 PM
From: drsvelte	Read Replies (2) \| Respond to of 15615

Do I believe in TA? Well, maybe you should. The On Balance Volume line has been telling you that GBLX has been under accumulation since early September. iqc.com

To: M. Frank Greiffenstein who wrote (2354)	10/6/1999 4:50:00 PM
From: quidditch	Respond to of 15615

26 was looking like an iron ceiling for a while. Chart is looking a little healthier. Yes, and finally got back above your "27 which looks like the stock has bottomed--little or no downside from here..." You suckered me there, Doc, and I had to double up some more in the low 20's. Volumes incredible, unwinding of FRO and straddle positions, major positioning by institutions, who were buying broadband stocks in the last few days after dumping them through most of September. Only my opinion, but I doubt there is a suitor out there. For the capitalization of GBLX now, and the verdict still out in terms of the viability of/timing of success of the business model, it would be one hell of a gamble by what would have to be a well-heeled player and/or one with appreciated currency to offer. Given the depreciation in GBLX share price through the FRO/USW saga, it would be a very dicey proposition at this point. Fine by me to wait and see how our investment plays out on its own. Best. Steve