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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2247)	6/9/2000 4:18:00 PM
From: Steve Lee	Respond to of 30051

Zeev, GBT is a value play and a growth play. It is a holding company for a number of small, growing telecoms companies. Owns 49% of Bestel (think of this as the QWST of Mexico). Bestel was valued by Paine Webber at 450 million and that was, I think, over a year ago. GBT's market cap of 250MM at the end of today can be justified by Bestel holdings alone. GBT also own significant portions of other telecoms companies such as Netrue (building IP telephony network in China) & Highpoint (building ATM network in Europe). One of GBT's subsidiaries is involved in building a submarine cable network in the Caribbean. When Bestel and Highpoint IPO (planned for this year I believe), I expect GBT to get noticed by the street. On another note, looks like RMBS may have put in a local high with todays action. Would you still buy at 220 or so?

To: Zeev Hed who wrote (2247)	6/9/2000 5:25:00 PM
From: rfisher	Read Replies (2) \| Respond to of 30051

#1. Zeev, if my research is correct you had a GTC for RMBS at 198 1/2 fill this past Wednesday. For about an hour that morning, RMBS was trading from 195 to 200. For the preceding three days RMBS was trading from 202 to 221. The low on Tuesday was 200 1/16. My question is how did you determine a price for your GTC order? Your buy figure was about 1% less than Tuesday's low. #2. Today you sold your RMBS at 241 (I think). Today's high was 242. What criteria did you use in determining this sale figure. Congrats again on your trade today. You have earned the title of "King of the Rambus Traders".