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

To: gruetz who wrote (7847)	9/20/2000 10:51:30 PM
From: Theophile	Read Replies (1) \| Respond to of 15615

My Opinion: the sector will be pushed down as hard and as far as possible by the Big Kids, until the prices are so compelling they will then be able to trade them back up for another harvest of dollars. Set up a telecom watch list, watch the percentage drop, not dollar drop of each. GBLX was the least hit today on mine, but I do not watch all. What am I looking for? Time to profitability, risk. LVLT had less risk; now, with increasing pressure on margins anyone with a longer time to light up the net will have more pressure. Whoever is closest to profitability will possibly rise out of the ashes first. Not WCOM, not T, got ideas? Regards, Martin Thomas

To: gruetz who wrote (7847)	9/21/2000 12:44:27 AM
From: RobertSheldon	Respond to of 15615

My friend AKMIKE points out that the 35 LEAPS of 03 look particularly attractive here. I agree.

To: gruetz who wrote (7847)	9/21/2000 7:20:27 AM
From: DukeCrow	Read Replies (1) \| Respond to of 15615

Don't forget that Qwest has filed to sell 5.103M shares. That's a bit of supply, and I'm sure Qwest is going to sell shares into any Global Crossing rally. That may hold us down for a little while and is probably keeping investors from buying until they know the coast is clear, and the selling has subsided. Even taking this into account, the real problem may be that Qwest will still have somewhere in the neighborhood of 32M shares (please correct me if this figure is wrong) of Global Crossing left. Just the threat of a slow bleed of those shares into the market may prevent any meaningful rally in price over the near term. Just more buying opportunities, I guess. Ali