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

To: t36 who wrote (3503)	12/9/1999 6:58:00 PM
From: pfierb	Respond to of 15615

I guess more people wanted to sell than buy.I didn't see any news. pfierb

To: t36 who wrote (3503)	12/9/1999 7:30:00 PM
From: mthomas	Respond to of 15615

For once (probably more) that guy Cramer has as good an answer as any in the piece titled "Wipe off those paw prints", posted today. thestreet.com Martin Thomas

To: t36 who wrote (3503)	12/9/1999 7:53:00 PM
From: N. David Lessani	Read Replies (1) \| Respond to of 15615

"Why 3 points today" I do not know the answer But the following observations are worth to mention: Market makers were trying to accommodate their institutional clients. Institutional activities increased 100% today. Usually average institutional trading on GBLX are 120 trades per day. Today, It was 241 trades, mostly on the buy side. (Trades over 10,000 shares). Again, stock is under heavy accumulations. Most importantly, it is being transferred from "loose hands" to "firm hands" as they say it in Wall Street. These are good omen for share holders of GBLX. Good luck to all longs. Total shares traded 16,300,900 block trades 6,627,000 individual trades 9,681,900