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

To: gruetz who wrote (5557)4/17/2000 9:29:00 PM
From: Captain Jack  Respond to of 15615
 
gruetz
<<"Maybe PO'd investors in the secondary offering are dumping?">> Just the opposite--- POed investors holding when the dilution arrived are realizing how much the additional shares will impact earnings (or lack of).



To: gruetz who wrote (5557)4/17/2000 9:43:00 PM
From: Big Bucks  Read Replies (3) | Respond to of 15615
 
Nearly 20M shares traded today in regular market from about
$25 5/8- $29 5/8. A pretty good swing. News about a founder
leaving probably helped unsettle investor confidence temporarily. Also this isn't considered a glamorous stock and it is "privately/independently owned", no affiliation
with a larger parent company to help fund the development/growth.

JMO,
BB


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