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

To: Sir Francis Drake who wrote (11970)	6/18/2001 10:23:06 PM
From: rhkohnen	Read Replies (1) \| Respond to of 15615

Morgan enjoy your comments. <<. I see no real catalysts for the price to go up, sustainably (i.e. more than just for a technical trading bounce), anytime soon. >> First catalyst that I see is the ILEC sale to CZN, shortly. I know everyone knows about it, but the market is not appreciating what it does to GX cash position. Not big, but should start us back up again. Second catalyst I see is earning warnings, which should be the second week of July. I believe that GX is going to surprise, due to increase usage (as mentioned in the earlier Gilder Post) and lower cost due to not supporting Global Center. This should give a nice bump, but will come back down again. Third catalyst is earnings in August. The Swift account and other recently acquired customers should start having an affect on actual earnings. Also the market should start showing some of the effects of the Fed rate cuts. This should be a good one. Good earnings and good market should lift GX to test 12/18/25. Fourth catalyst GX goes above $10 per share, and institution start buying in again. I agree with about the tax selloff, but November/Dec/Jan should lift us again. Bottom line is a roller Coaster ride. These are just some thoughts and things that I am looking for. Best regards Bob