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

To: RobertSheldon who wrote (13247)	8/7/2001 4:42:58 PM
From: DWB	Read Replies (1) \| Respond to of 15615

What with all the recent downgrades, and lowering of earnings estimates, what perverse logic is causing us to trade up today? Is it the resurgence of EXDS? The potential for participation in the Nextwave build-out? Or could it possibly be that reality is setting in among the investment community, and they can't force the stock any lower? It almost seems to me that the news is "trying" to keep GX down, almost like a coiled spring... but then you get a MSFT announcement, and it better be offset with a lowered analyst forecast before the stock can respond... Just curious as to what the thoughts are regarding today's move up. As a point of reference, I bought more GX and AX today for the third time in the last 3 weeks. DWB

To: RobertSheldon who wrote (13247)	8/7/2001 4:53:57 PM
From: Alphapenguin	Respond to of 15615

Re. Robt Sheldon's "buy & hold forever" philosophy: I guess that's all right if your intention is to will it to your heirs, or unless you are immortal. Most of us are not. Opus-X

To: RobertSheldon who wrote (13247)	8/7/2001 7:10:52 PM
From: Ally	Read Replies (1) \| Respond to of 15615

>Yes, we wrote about this in a recent book. Buy and hold is important only if you can identify the ~5% or so companies that will be "worth" buying and holding long term< Venture capitalists too look for the ~5% worth investing in with 70% busts, 25% long wait, and 5% home runs (statistics best I remember from reading somewhere sometime ago.) Common issue with B&H is the long wait and the uncertainty that a wait will invariably be fruitful. Surely in today's democratized market of sophisticated investors there is more than a one trick pony <gg>