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

To: BWAC who wrote (13236)	8/6/2001 11:40:58 PM
From: Captain Jack	Respond to of 15615

BWAC-- there are few of us in the green on this now and that is mostly traders looking to grab a bit and run. News like this is great for every long as it may give the price a little stability. Without $$$ reported not much is thought of it (wrongly-- but reality). The problem with buying it for $5B + debt is twofold. 1st there is more debt than anyone would want to take on. Additionally, the rev is too low to be interesting especially with the amount of debt. The best today was the downgrade predicting a triple in a year,,, it would be great if all downgrades were so positive on the predicted future... still----- tons of shares traded in this range will make it extremely difficult to double in that time frame but even 1 point is a good % pop in the midterm.. Remember,, those in control have not changed so few look for major changes to make a turn even if good times were to return..

To: BWAC who wrote (13236)	8/6/2001 11:40:58 PM
From: Captain Jack	Respond to of 15615

BWAC-- there are few of us in the green on this now and that is mostly traders looking to grab a bit and run. News like this is great for every long as it may give the price a little stability. Without $$$ reported not much is thought of it (wrongly-- but reality). The problem with buying it for $5B + debt is twofold. 1st there is more debt than anyone would want to take on. Additionally, the rev is too low to be interesting especially with the amount of debt. The best today was the downgrade predicting a triple in a year,,, it would be great if all downgrades were so positive on the predicted future... still----- tons of shares traded in this range will make it extremely difficult to double in that time frame but even 1 point is a good % pop in the midterm.. Remember,, those in control have not changed so few look for major changes to make a turn even if good times were to return..