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

To: Boplicity who wrote (2386)	10/6/1999 11:30:00 PM
From: gizelle otero	Respond to of 15615

Copied from RB: By: AlphaPenguin Reply To: 2662 by CMGI_UP Wednesday, 6 Oct 1999 at 11:16 PM EDT Post # of 2713 Regarding your reply to my Message #2659, I think your comment is more appropriately directed at my Point #2 rather than Point #1. Shorts can come in any flavor, and your comments are directed at the arbs, on which I wrote in Point #2. A participant on the SI board took note of the same point and his summary follows. I think he grasped the nuances and summarized it eloquently. "From: Ron Starr Wednesday, Oct 6 1999 7:42AM ET Reply # of 2379 If an arb bought FRO when it was selling for less than 2.05x of GBLX's price then they made a profit when their FRO shares were converted to 2.05x GBLX shares. If all they wanted was the arb trade then they would be willing sellers of GBLX so they could move on to their next arb trade. Then the S&P 500 index funds would be willing buyers and here we sit until all these shares end up in long term hands." As for my other comments in my previous post, I must say I was delighted at the coincidence of my post and today's forceful action. Even so, I would not be surprised to see some retrenchment, and would certainly view it as an opportunity to add to a long position. On the other hand, If I were sitting on the sidelines, I would not hesitate to buy tomorrow. From a purely TA perspective, GBLX is only now making its entry into a confirmed buying range, with indications of a long uptrend. Remember, GBLX is still well short of its 52 week high. From a fundamental perspective, GBLX is truly demonstrating a mastery of orchestrating the news release of significant events. We're witnessing the aggressive execution of a visionary business plan. That said, these initiatives, together with the $.5B buyback, is going to be major bucks, or pounds, or Euros, or whatever country they happen to be in. Simply, I would not be unduly alarmed if earnings come in shy of estimates this quarter. What really counts at this point is top line growth, or revenues. As for financing the GBLX infrastructure, there are clearly some very committed players with deep pockets who are going to make this venture succeed. In this case, I'm sticking with the smart money. And, despite today's uptick, I'll stay with my crystal ball's target of $70/share by April. More, and you'll read no complaints from me. Moreover, the telecommunications mating dance has yet to reach its zenith and I'm sticking with my belief that Deutsche Telekom AG is the best suitor for GBLX, with British Tel. PLC ranking second. Either will result in a phenomenal vertically integrated global telecommunications powerhouse, rumours notwithstanding that GBLX may itself become an acquisitor. In short, pun intended, GBLX is a winner. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

To: Boplicity who wrote (2386)	10/7/1999 10:06:00 AM
From: Boplicity	Read Replies (2) \| Respond to of 15615

Bought at the open, will add, once I get feel for the stock. Thanks much, this is one fine thread, another shining light on SI, I hope to be around for awhile. G