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

To: DWB who wrote (13480)	8/17/2001 4:04:11 PM
From: 249443	Read Replies (2) \| Respond to of 15615

"Because they are shortsighted idiots" If someone posts on this thread for years, without posting anything negative about the stock -- then I question the objectivity of the individual. If someone says that insiders don't care what price they sell out at, then I question their objectivity. Please don't refer to those that attempt to be objective as "idiots". No one is calling you or Robert an "idiot". I hope we are above that. I can, at least, admit if I am wrong. I thought athm was going to be the next AOL. But I admitted I was wrong after suffering a loss, and moved on. Markets, industries, companies change. But somewhere Robert, who is acclaimed as the most insightful poster of GX on this thread, has to admit his timing was off, industry conditions changed, or anything to admit not all is well. Nobody likes to lose money. I recognize that being long "GX" is painful. But I would hope reasonable people could agree that 1) GX has not been a wealth creating stock, 2) insiders do care what price they sell at, 3) balance sheet (i.e., debt) and industry conditions do matter, and 4) somewhere between $60 & $4, a rational investor should have cut their losses. Everyone has their Waterloo.

To: DWB who wrote (13480)	8/17/2001 4:06:43 PM
From: changedmyname	Read Replies (3) \| Respond to of 15615

Interesting. I've been around this thread for a few months now, from very low teens to 9 to 16 again and back down to the lovely 4 today. It is by accident going back several years to research GX that I noticed the unabashed bullishness. Had you ever bothered to read, you would note that for some time now I and a few others here have posted how obvious the signs were. Everything pointed to GX going down. The collar, the insider dumping at any price, the CSFB report, etc. And every time I've posted I've said, wish I had paid attention to all those things. I bought into the story, and I wanted to believe in GX and their management and every single bullish thing that Robert posted. But something happened once the stock started dropping and Winnick was busy "reallocating" his money... a few of us woke up. I'm sure a few of us were shareholders all the way down from the teens to single digits today, but we still expressed our doubts. Maybe had you read the thread over the past couple months you would've noticed my change in sentiment. I no longer greeted everything GX said with rose-colored glasses on, and I questioned those (read: Robert) who found nothing wrong with the company. And yes, I held stock through the whole debacle. Thumping my chest while looking in the rear view mirror? Hardly. It's sad to say that I knew all along that this was going to happen, but was too foolish to dump all of my holdings in it. The company for 3 months told us (ask Fez if he is still around) that there was nothing to worry about after 1st quarter earnings. Guidance was unchanged (which I noted was their way of saying, you can't sue us bcz we're not going to tell you how bad things have gotten... but I guess you didn't read that post either). They were going to be the ones to make it. 30% growth a year, while challenging, was going to happen. And then what happened... GX dropped the bomb. No guidance for 2002. Flat revenue growth for the remainder of 2001, if that good. So I take exception to your comments that I'm some "shortsighted idiot." Perhaps you can call me a fool for not dumping the day that Winnick sold his 10 million shares at $12. But you seem to be implying that I sold all my stock, shorted it from 12 down to 4, and am now here calling everyone that is long the stock a moron. I still own some GX, bought some this morning on the rebuttal notes to CSFB. But at $5, it is too late to sell. GX is just a trading vehicle for the moment... and is priced at an in-the-money call. Hopefully, this call will pay off. If not, oh well... shouldn't have money in this company if you can't afford to lose it all (and yes, that can easily happen despite what others think). But what your missing with your boy Robert is that from $60 on down, anyone that had a differing opinion was an idiot. I agreed with him when I first invested here. GX could do no wrong. GX was God! I wanted to believe. All the way down Robert was here to reassure us. Yep, GX was a screaming buy. If you liked it at $20, you had to love it at $8. But when the warning signs came and I adopted a more cautious stance, all of a sudden I was just one of those idiots to Robert. I didn't agree with some of the things he said. A lot of us didn't (jopaway, Fez, and a few others), and started to post our concerns. Was our opinion respected? Nope. We were dillusional. We didn't recognize this GREAT wealth building opportunity with GX at $10. Well, now it's $4. We were mocked, and were still mocked up until last night that we had our doubts. So how you can worship and cheer for someone that can pump a stock from $60 down to $4 and still think they're right, I have no idea. At least with Martin, who I've had the pleasure of exchanging PMs with (and come to respect), he, while bullish like Robert on GX, can at least acknowledge the problems that GX the stock (not the company perhaps) is facing. That is all that I asked for out of Robert. Acknowledge the simple fact that the stock is in trouble. That things aren't as rosy as they once seemed. Guess that makes me one of those idiots <sigh> Jason