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

To: matt dillabough who wrote (13080)	8/3/2001 12:22:31 AM
From: MDGO	Respond to of 15615

Dessauer and Grubman make a very logical analysis. GX will be one of the few survivors, is funded thru '02 and will be a cash cow once business recovers. The risk/reward is $5 on the downside and $20+++++ on the upside. So why isn't some big Corp., Telephone Co., Institution in the US, Europe or Asia taking a big stake in GX at these depressed prices? How do you explain the huge 86Mil. short interest? Are they all idjits? 80Mil shares x 5.7 = $456Mil. Chimp change. A colleague of Winnick's could invest that sum all by his lonesome, make the shorts panic and all those on this thread happy. I guess they don't want to become richer.