SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?


To: CF Rebel who wrote (4254)2/12/2000 10:34:00 PM
From: Theophile  Read Replies (1) | Respond to of 15615
 
Rebel, how is it that managing the company has nothing to do with shorts holding back the share price? What do you think all-share acquisitions are based upon? Shorts holding down the price influence the managements ability to manage......
>Also, I'd rather Winnick and company stick to managing the >company rather than worrying about what shorts are doing. >The shorts will get it in the end anyway, no pun intended.

>CF Rebel

I am certain Winnick would rather the investors stick to investing and not telling him how to run his company...
invest in it the way it is or invest in something else.
Let them that know how to run the company do so.
Martin Thomas

PS: WHY do you feel the number is suspect? The number of shares shorted is divided by the float, simple. The float might be suspect if you have not asked IR about it. Go ask if you feel it is suspect. I do not ever trust Yahoo, and correct them continually on GBLX numbers....why don't you call IR and then email Yahoo and give them the correct figures?....this is what happens when the entrenched players are upset about a new arrival eating their lunch, Reuters gives bad rap, incorrect data gets published, terms like "upstart" get affixed......until the 'take no prisoners' includes some of the current players, this will continue, and then it will be different, not until. The # shares shorted is BIG, and it is directly related to other players holding back the share price....hoping for additional time to prevent buyouts, making them too costly, just like one year ago, when the price dumped after ATT realized GBLX was coming for their lunch....reason things through for yourself.
I am tired of it all. Enjoy.
Martin Thomas