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

To: gruetz who wrote (9079)	11/15/2000 4:56:07 PM
From: Rob C.	Respond to of 15615

After hours GX is bid 17 offer 17 1/4...seems like today was shakeout day. The money flow turned positive around 3:30. FWIW today felt like a bottom. Selling was very heavy. IMO Panic selling. askresearch.com

To: gruetz who wrote (9079)	11/20/2000 12:25:31 AM
From: RobertSheldon	Read Replies (1) \| Respond to of 15615

Has the economics of this business changed in your mind? Is this all a sham? No, the economics have become even more attractive: Yet another quarter that we see rates in the Atlantic remain level while demand balloons. This should allow for a few extra $10s of millions in the next few quarters I had not planned on. Remember, I only missed the estimates by ~2% . . . nothing has changed other than the perception of scared institutional “investors” who have never had to put their portfolios to bed (they trade way too much). The company continues to meet my guestimates, and that bodes very, very well for profitability soon. Hang in there folks - this is what separates long term investors in a bear market from short term nervous nellies. I agree we have to look at both sides of the story in an attempt to try and figure out what the heard is afraid of, but at the end of the day, GX still is hitting my numbers, executing well and BECOMING the Internet. Anyway, life is too short to worry about why the Joneses are selling GX. Focus your energy on other opportunities, some of which I noted here recently. Now is a time to be shopping, not selling.