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

To: mthomas who wrote (3072)11/4/1999 1:33:00 AM
From: barry fowler  Read Replies (2) | Respond to of 15615
 
What do you mean that they "sit on the price"? What's the difference between a common and a convertible position, and why would an investor switch? Wouldn't the stock _tend_ to follow the market?



To: mthomas who wrote (3072)11/5/1999 4:20:00 PM
From: PaperChase  Read Replies (2) | Respond to of 15615
 
<<I would propose what is happening to be long common positions getting cashed out for long convertible positions.>>

I think that is a very far leap of logic to explain the current profit taking. The volume increase in the stock directly correlates to the additional float that became available after the FRO acquisition.


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