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

To: AurumRabosa who wrote (2691)	10/15/1999 4:08:00 PM
From: PaperChase	Read Replies (4) \| Respond to of 15615

Ok. My opening bid of $22 this morning looked silly and I quickly cancelled to conceal my embarrassment from broker. Now let's talk once again about FRO shares being worth over $72 on a pre-converted basis, up from $54 a couple of weeks ago. Although people proclaim the value of GBLX synergy being brought to these shares as the reason for the rise, I see otherwise. From the D&P debt rating report: "FTR has significant regulatory restrictions, operates under its own board of directors and receives no vital operating services or synergies from its parent company. Therefore, the company is viewed as a stand-alone credit." IMHO, GBLX is rising because of momentum trading and has risen too fast too soon.