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: 249443 who wrote (13484)	8/17/2001 4:32:15 PM
From: KevRupert	Respond to of 15615

Amen. Accountability. Good posts by Jason & mrcjmoney. A thread has to be able to discuss positives and negatives. If someone can't post a negative issue regarding a stock -- without being called an idiot or a shorter -- then a lack of maturity exists on the board. I thought stock hyping died last March 2000.

To: 249443 who wrote (13484)	8/17/2001 4:58:27 PM
From: DWB	Respond to of 15615

My question to you is, why is it necessary for Robert to state here that buying at $60 wasn't a timely investment? Isn't that patently obvious enough that it doesn't need to be put in black and white? Isn't it also true that given the conditions when this stock was at $60, that only if you had a crystal ball could you have known at that time that we'd be at $5 now (other than simply guessing)? In the mindset of the time, what did the facts point to? If you were buying, then that decision (at the time that it was made) has to be evaluated on what was known at the time, and the potential for both increases and decreases. If you want to sit back now, and say that it was a bad decision to buy at $30, $40, or whatever, then great, you're right. I don't see how that changes the situation as it existed then, or creates a need for that to be acknowledged in writing. It's obvious NOW you could have bought in lower... just look at the ticker... but the important question is where are we going from here. The fact that the stock has fallen in the past, is not a direct correlation or indication of how the company/economy/stock will do in the future. The easiest way to see this is what will happen if/when the economy takes a positive turn. If its a long time, GX will be worse off. If its sooner, GX will do better. But nobody knows for a fact which way it will go right now. We're all guessing. GX has NOT been a wealth creating stock..... to date. You can only unequivocally state someone should have cut their losses if you can replicate the market mindset at any given time. Blanket statements won't cut it. DWB