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

To: Jane4IceCream who wrote (12054)	6/20/2001 12:34:51 AM
From: changedmyname	Respond to of 15615

Well, hello again there TJ <gg>, been a while... The way I see the stock is, it's going to be a hero or a zero. Either we're at 30 in a couple years, or it's zero. There will be no inbetween (OK, I'll take 25, gg)... none of this trading between 7 and 13 crap. So if people can stomach that they can easily lose all their money in this stock, then they're better off. For traders such as ourselves, it has been very beneficial to write calls against the stock on moves higher. I've spoken with the company several times recently, and it is extremely frustrating that they refuse to publicly come out and support their stock. The other side is that perhaps things really are bad and if they come out with a reaffirmation, it's lawsuit-city when they warn (I would guess that lawsuits would be the least of their worries at that point). The closest I've seen them to reacting was when I spoke with them today re: the dis the Q CEO gave them on TV today. Maybe that will wake them up a bit... but then again, I always say that after I've spoken with them. Closest catalyst I can see is the CZN deal which should close next Friday... I would expect that they'll be nice enough to put out a PR on that either then or on the following monday. But then again, maybe we'll have to hear it through CZN that the deal is closed. I would hope they would address issues re: funding at that time, as their quarter will also be up. The guy I talked to today seemed to think that the tax announcement yesterday cleared up that they are fully funded (great news, I don't disagree, but they're assuming that the majority of the investing public will be able to realize that a $400 million tax break is HUGE for them... not likely). Sorry for the rambling... but while I've consistently traded stocks at the same frantic pace the last few years, I always seem to "get to know" a couple of companies that become core holdings and investments you just know how to trade... GX is mine for the moment. A couple of months ago it was TCM, similar sector, that got me into GX w/ more depth. While I hope you're right it's a "no-brainer" here... some days it makes me wonder if it is I with no brain. <gg> Take care, good to hear from you... and welcome to stuckholders anonymous (or not so anonymous). Tokyo Jason