Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alphapenguin who wrote (13103)	8/3/2001 11:56:02 AM
From: trainleaving	Read Replies (1) \| Respond to of 15615

Opus - Please enlighten us on how you would've run GX differently. The depressed price right now is due to the street's questionable financial status of GX. Please provide changes that you would have made in the GX business plan which would have provided them the assets they have today with an improved balance sheet. You have the luxury of hindsight, so it should be rather easy for you based on your continued bashing of management. While you're at it, please tell us how GX's projections of revenue were so off-based when every telecom provider is facing the same pinch in this economy. If you have an issue with insider sales, then you need to understand that type of action takes place with every stock. The insiders have the rights to sell their options. If you weren't aware of this when you bought the stock, it is a lack of your DD. I recently sold shares in my company stock because I thought there was a chance of the price going down. I was correct. That doesn't mean that I have some malicious intent within my company. I still do my job to the best of my ability. If the stock was so overvalued at 60, why can't it be so undervalued at 5? Has "reason" all of the sudden become the norm on Wall Street? The same forces at work driving the stock price to 60 are the same ones driving the price to 5 today. If the economy turns around, and GX is the big telecom benefactor, Wall Street may turn around and say how great of an opportunity they are, and drive them to 30. It takes so little to turn the tide. Brokerages seem to have two modes for their investments - on and off. You seem to have very little argument behind your quips about GX. If you want to trade the stock, fine. I just don't seem to understand how that relates to the long term plans and viability of GX.