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

To: CF Rebel who wrote (12710)	7/19/2001 9:54:25 PM
From: BWAC	Respond to of 15615

Yeah I saw that same article somewhere else in my reading. Thanks for reposting it. It does clear up some of the baloney going around, but sadly not anywhere near enough. This whole mess has gone to far. It very well may be out of control. Something has to happen dramatic to turn it around. I thought GX management had the right idea when they replied to the WSJ hatchet story. But their reply got swamped with yet another round of bs a few days later. Since then Management has been essentially silent. And it has hurt the stock. I don't expect the company to reply every day to normal market events, but when your company's valuation is under severe attack you just can't be silent. Silent while 80 Million shares are sold against you. And sold against your investors. Those 80 Million shares could easily represent $1 Billion of capital at risk. Maybe thats why we hear so much noise about the capicity excess.