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

To: gruetz who wrote (12707)	7/19/2001 9:06:41 PM
From: CF Rebel	Read Replies (2) \| Respond to of 15615

gruetz, "Unfortunately, the low stock price consequence of the shorting does have more than a temporary stock price effect on GX. For example, it eliminates equity related funding opportunities for GX, due to excessive potential dilution..." This is how shorting can cause unnecessary complications in the evolution of a company. Instead of a responsible company being allowed to pursue a rational business plan, it has to contend with the artificially contrived conditions that shorting gives rise to. This is not to say that shorting is wrong in every case, but it does do real damage to even the best of companies. Companies ought to have to contend with real obstacles, not artificial ones. Apparently, the shorting in GX shares is due to the market's very high expectation that GX will have to give lowered guidance for the rest of the year. If the shorts are wrong on this, their six days to cover could result in quite a rally, perhaps into the 'teens. If they're right we'll at least test the recent lows perhaps seeing the 5-6 range. Here's hoping the shorts are dead wrong. CF Rebel

To: gruetz who wrote (12707)	7/19/2001 11:27:32 PM
From: Douglas W. DeVries	Read Replies (3) \| Respond to of 15615

I am seeing some amazing similarity in the trading patterns of GX and a stock I owned three years ago. (Cymer, Inc.) (CYMI). Three years ago this stock was flying high and split 2 for 1. Then the company issued debentures with favorable interest rates that were convertible into common shares. The company pulled out of an investment conference in which management was supposed to appear and the company reversed previously rosy guidance due to unforeseen order cancellations for its lasers used in semiconductor manufacturing equipment. This sector hit quite a rough patch at this time and a real shorting party resulted. The stock cratered from the mid - 30's to 6 or so. (Sound familiar?) The good news for CYMI is that they are profitable today and trading at 23 and change in this less than vibrant market. Their market is far less lucrative than GX's market looking forward and I believe that once GX hits critical mass it's going to run like no stock I've ever owned, especially from these levels. I have read Gilder's last Technology report cover to cover four times and we will win big with this one if it isn't taken private in an LBO. (God forbid) There is going to be some massive future positive cash flow for this company. Fez, I recommend that you get stay away from the boards for a couple of weeks. You're watching the short-term action far too closely. Doug