Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SecularBull who wrote (9035)	11/15/2000 11:29:31 AM
From: Sir Francis Drake	Read Replies (2) \| Respond to of 15615

That was a huge slam. As huge as GX is getting today in this positive market :)? Amazing selling pressure. I guess Tom was right when he said in the CC, that one of the reasons he's not afraid of the competitors at this point, is because he anticipates that it'll be hard to raise capital to complete all those competing networks. Why? Because as he put it, in the current climate, they'll be capital constrained. Translation: won't be able to raise capital from the market among other sources. If this will be a pretty long term situation, as Tom implied, then what does that mean? Well, we know one thing - it being hard to raise capital for fiber in the market, means stock prices will be low, thus shutting down secondaries. But low stock prices, is not exactly happy news for shareholders, never mind that it may be good for the BUSINESS of GX (in that it hamstrings competitors). So, when I listened to the CC, my reaction to Tom's anticipation of a longer term "capital restraint" in the market was: hmmm, does that mean GX price will continue to suck wind too? Oh well, I guess sitting here at 17 1/4 gives us the answer at least for today, or for this moment! Morgan