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

To: SecularBull who wrote (8717)	10/24/2000 10:49:46 AM
From: Robert New	Read Replies (1) \| Respond to of 15615

I look for a nice move in GBLX shares by the end of the year. Tax selling pressure is now easing by institutions and good reports this morning by MFNX and Q indicate good things for the industry. We need to get through the 25 area of resistance but should be there in short order. The balance of supply/demand has shifted in GBLX shares. Its also constructive to see some buying in some of the other beaten down companies (e.g. WCOM et. al.) and tax loss selling normally max's out at or around October 20. The move to the NYSE is basically a non-event regarding the share price. Shorts will have to cover in short order. Look for a solid report on November 14. Topline growth is critical and we should see that....