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

To: Theophile who wrote (12695)	7/19/2001 3:11:14 AM
From: Alphapenguin	Read Replies (1) \| Respond to of 15615

Martin, I don't know what the GX insiders are doing now. As for the article itself, I posted it as FYI only for every one to do their own DD. But I must comment on your observation of the Street v. Winnick. I believe you are right on the money, and if that is indeed contributing to the breakdown of GX, it doesn't really matter. A loss is a loss, regardless of the reason. As for the collar, Winnick, or anyone who implemented such a strategy, had much more to gain short term by having the stock price go down, so at some point he buys back the calls for much less than the selling price, and sells the puts at a much higher price than when he bought them. Pretty slick for the everyday trader, but more than a little suspect when it's the chairman of the board who's doing it. Opus-X