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

To: Raj Ramaswamy who wrote (11920)	6/18/2001 11:54:26 AM
From: BWAC	Respond to of 15615

Who knows? But lets face it, the Puts are worth a lot more to Winnick and the calls are worth less. A current paper gain on both. So who really knows? Can he, at some point soon, sell the Puts now that the significant (down 40%) risk has been removed from the stock price? Is that an option available to him within a certain short period of time? I don't see how it can be an option. That would seem to be some sort of inside trading by definition wouldn't it? Aren't there rules about holding periods after a buy or sell?

To: Raj Ramaswamy who wrote (11920)	6/18/2001 11:59:14 AM
From: Emile Vidrine	Read Replies (2) \| Respond to of 15615

"tantamount to insider trading" I never looked at it that way, but maybe it is. He is, after all, a "protege" of Michael Milken! Even this morning's NYT admits that! Anyway, If my little scenario is correct, then the stock should bounce back, and the longs who held and even bught during the dip will profit. We must also not forget that there's some 60 shares short have been and will be covering during this bonanza. When these shorts realize that GX has probably bottomed out, they will be excellent force driving the stock up.