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

To: Alphapenguin who wrote (13419)	8/17/2001 12:46:57 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 15615

It's over for GX as an investment. The DoD contract was touted on these boards as proof that GX would remain solvent, the argument being that the DoD would not do business with somebody who was financially unstable. In order to be consistent, the same posters who offerred this reasoning should concede that GX may not be viable. You can't offer the DoD contract as proof, then later say the DoD contract cancellation means nothing. Don't get me wrong, I am not slamming posters who relied on the DoD argument. The pro-GX reasoning based on a huge government contract was a reasonable argument to make, and sincere too. My only point is: If the reasons you bought the stock are no longer viable, you have to reconsider your reinvestment. The DoD cancellation is the beginning of the end for GX. I am just happy I got out in the $9 range. Doc Stone