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


To: JDN who wrote (3782)12/29/1999 10:58:00 AM
From: tom  Read Replies (2) | Respond to of 15615
 
Possible Reason for shortselling:

The heads at GBLX/Frontier agreed not to sell their stock for at least 6 months after the merger. That 6 months is up in February, I think. I'd love to see the shorts have to cover, and they will if the Global Center IPO gets announced before too long.

-Tom