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Technology Stocks : GBT - Global Light -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (170)9/22/2000 2:57:00 PM
From: Sir Francis Drake  Read Replies (1) | Respond to of 223
 
Armin, you are right. Thank you for sharing the IR info. Nothing strictly new, but nice to hear that there isn't some horrendous news hiding (and if there is, maybe the wouldn't tell anyhow<ggg>).

I bought in yesterday at 5.5, too early as it transpired, because of the stupid INTC situation. As transpired, today I could have bought cheaper. My bad. However patience is the key here. If there is no major sell-off Monday, perhaps this selling will have abated. Not that anyone has any stomach for any more telecom stocks, but I grabbed some FTHL today when it was breaking 9 1/2 - seemed to me just insanely cheap - ask at 10 1/2 right now (positive for the day), but if it heads down I'll sell in a heartbeat. Perhaps this is the bottom, though I wouldn't count on any rapid rise - however, if you can wait 5 months (Jan 01), I cannot imagine that both GBT and FTHL will not be substantially higher than they are now. Is it worth waiting that long? Everyone must answer for themselves!

All IMO.

Morgan

P.S. Speaking of opportunity costs - there are always those... CFLO and JNPR both up today, while my GBT...



To: Madharry who wrote (170)9/22/2000 8:10:55 PM
From: J. Conley  Read Replies (1) | Respond to of 223
 
Armin,

Thanks for the information. I actually called the company yesterday, but wasn't able to get through to anyone at the time. Nevertheless, I also added to my position in GBT today. Couldn't resist it in the 5's.

I wouldn't be at all surprised if this one doubles or triples from here sometime within the next year – on Bestel alone.

Isn't SSB the lead underwriter for Bestel? You would think they could come up with a satisfactory solution to the percent ownership issue.
GBT only owns 49% anyway. <g>

Time will tell.

Best regards