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

To: JDN who wrote (3798)	12/30/1999 11:35:00 AM
From: danofthebes	Read Replies (1) \| Respond to of 15615

Short Interest/Lockup More of a question than an answer... Will a large short position offset lockup share selling? I'm assuming a significant percentage of the shorts are in it until the lockup expiration and will close out positions regardless of what the stock does. If the stock goes down due to lockup selling the speculating shorts close out their positions at a profit (buying the stock). If he stock doesn't decline or rises the shorts cut losses (buying the stock) and move on to the next opportunity. In either case a decline in short interest would offset some of the lockup selling, if any, and establish a solid long base for the rest of 2000. Any experienced traders out there with comments of this theory?

To: JDN who wrote (3798)	12/30/1999 5:46:00 PM
From: CF Rebel	Respond to of 15615

JDN, Your guess is as good as anyone's. Any stock is a pot of stew. Dip in and you could come up with meat, sometimes potato, sometimes you'll splash the gravy and get burned. Too many factors at play in GBLX to really know. I continue to think that there will be a good upside bias, but, you never know short-term. I think the insiders could still hold out for more come April. If I was one of them, I'd only sell a small fraction of what I had and let the rest ride far, far higher. That 40% or so that they own, if not reduced significantly, is a great weapon to fend off takeovers and I hope that's how they see it. A takeover is the last thing I want. CF Rebel