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

To: MDGO who wrote (8856)	11/6/2000 12:52:34 PM
From: jopawa	Respond to of 15615

He's right as i see it, only question is from what price do they rally from? Continuing slide in GX today and stunning declines continue in LVLT: Telco Is a Tough Sell 11/06/00 12:32 PM ET The telco world gets no relief, does it? I listened to the chief guy at Global Crossing (GBLX:Nasdaq) speak this morning and I came away thinking, "This team's a winner." But we haven't bought any. Because at the same time that he is talking, Turnstone (TSTN:Nasdaq) blows up and Turnstone is another nail in the telco coffin. We want to call the bottom in that group. But we won't get a bottom until there really is consolidation and we really do see bankruptcies and we see who does have funding and who doesn't. We are still too far away in time from that moment. That said, this is the one to hang onto if you are already long it. Global Crossing, SBC (SBC:NYSE) and Quest (Q:NYSE) are all winners when things finally turn --which they will, because it is still very much a growth business. No positions.