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

To: Raj Ramaswamy who wrote (11821)	6/15/2001 7:50:38 PM
From: rhkohnen	Read Replies (1) \| Respond to of 15615

A lot of bad news today, nothing substantial. 1. CSFB's remarks (opinion) 2. Exodus trouble and their potential demise (opinion) 3. Lehmen saying that GX will be short cash this year 4. Insider sales IMO, today was option expirations day, so it benefit a lot of people to have GX below $10, a possible reason for all of the negative opinion. Also when a stock goes below $10, some brokerage houses have different margin requirements i.e. 50% equity. That can produce margin calls. WRT to insider sales, GX management did a similiar thing last year. IMO today looked like a panic sell day in the telecom sector. which usually signifies a bottom. If we hold $8.5 it forms a W bottom and may be the end of all of these buying opportunities, which I am getting tire of.<GG> Just some thoughts Best regards Bob