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

To: danofthebes who wrote (3799)	12/30/1999 6:55:00 PM
From: JDN	Read Replies (2) \| Respond to of 15615

Dear danofthebes: I am not a trader but I have 30 years of investing experience. IMHO the shorters will not close out at a loss unless they believe that the game is over. Thus, for a brief time at least, if a number of locked up shares enter the float and IF the people do in fact sell there could be a sharp drop in the price of GBLX. Now that doesnt mean it wont go much higher thereafter once the smoke clears and the shorts cover but having already acquired 3/4's of my intended position I am willing to await that event if I can be convinced I have at least a fair chance of it happening. On the other hand if the large float does NOT result in selling pressure the opposite could happen and I could be very upset at myself. Thats why I have solicited comments from as many people who wish to comment. JDN