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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: DlphcOracl who wrote (71270)11/13/1999 12:09:00 AM
From: Tradelite  Read Replies (2) | Respond to of 120523
 
<<GBLX is an extremely frustrating stock and only for a LT investor>>
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I agree it's frustrating, because of the huge float and the boring trading range it gets stuck in, and I've been in and out of it for a few points gain (and occasionally a point or two loss).

However, whenever I'm holding a telecom stock like GBLX or WCOM, I feel safer than when I'm holding any other tech-related stock. I have a certain confidence that I won't wake up tomorrow morning and learn that some competitor is threatening to overtake their niche or position in the market.

Telecom stocks are a good solid place to be at this stage in history, in my opinion---even if they're frustrating. Companies the size of GBLX can't easily be surpassed by upstarts or small-time players who simply have a better idea. CSCO was once thought not to have much competition, but look at it now.

I also like the fact that GBLX is heavy into the web-hosting biz. This is going to get bigger and bigger.
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