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

To: Ally who wrote (13515)	8/18/2001 10:04:26 AM
From: dave luken	Respond to of 15615

I had owned global crossing for a very long time dating back a couple of years. Its very hard to realize when you make a big mistake. You always try to find ways to validate that the stock will recover. About a month ago I finally sold all the shares I owned. This is a classic example of a stock headed to penny status. Im not saying they will go out of business but current shareholders are going to lose. Too much debt, no profit in the sight for years, bonds being clobbered. etc etc. There are going to be much much better places in the telecom to invest once the dust settles. Ciena, cisco, etc. Believe me I have lost a fortune myself in paper profits, but you either give up or move on. Its not easy. I would be interested in reasons why someone should hold on to gx shares. Please no personal bashing just because of my bleak view of the stock.

To: Ally who wrote (13515)	8/18/2001 10:12:49 AM
From: Sawtooth	Respond to of 15615

(Saturday morning mumblings.) There are some things that are reasonably certain that we can keep in mind at this point: 1. The whole market is in the septic tank. Most stocks of every quality are hugely off their 52 week highs, including GX. 2. Most investors get washed out at the bottom of market cycles; just as they buy near the top. Bottoms are not reached until there is a last capitulative lurch into the trough. (I think that's taking place now - JMO). That trough can last a long time. 3. Nobody really knows for sure how things will play out for GX over the mid to long term. Each investor makes a decision and invests, or not, accordingly. However, the majority of investors probably make the wrong decision at any point in time; given a long term view. 4. GX is a speculative investment in the eyes of most informed investors and any allocation of space in the portfolio should recognize each persons tolerance for the specualtive nature of the stock. There is a more than even chance, IMO, of losing the entire investment but, if all things come into alignment, the reward could be spectacular. 5. All or any of the above do not make GX a POS; just a very speculative investment in a horrible (but cyclical) market. Who said what on the board won't make anyone any money. Sharing information and viewpoints and then making a decision about being in or out could. Good luck to all. .....VVVVVV

To: Ally who wrote (13515)	8/18/2001 3:38:22 PM
From: changedmyname	Read Replies (1) \| Respond to of 15615

>>There are posts here saying that Robert has to have accountability for his unchanged views... the question is why should he or anyone else here be accountable for their views? This is a forum where views are posted, debates are conducted, from which each of us draw what we want to assist us in our personal decisions.<< Ally, thanks for your post. Trying to finally shut down this subject we've been on in the last 24 hours <gg>. I think what hasn't been taken from this is that some are looking for Robert to be held accountable. Perhaps I even used those words at some point, I don't remember. But the second sentence you wrote is what I have been driving at. This is supposed to be a forum where we can post positive and negative opinions on GX. Seemingly every time someone questioned GX as an investment, there was Robert to give them a lecture and attempt to make them look foolish. Hell, I enjoyed seeing him attack those that appeared to be short, back when GX was in the low to mid teens. But as it turned out, they had every right to post what they did, and certainly didn't deserve to be treated the way they did. They were right. Once we started our slide back down from 16, and especially after Winnick's infamous collar, several of us started to change our tune and question some of the things the company was doing. And who was there to assure everyone that there was nothing to worry about, and to lecture the 'offending' poster? Sheldon of course. So that is what has happened. Here is case in point, the last example of how he treated other posters. John put his comment up: ----------------------------------------------------------------------------------- To:RobertSheldon who wrote (13382) From: jopawa Thursday, Aug 16, 2001 1:53 PM View Replies (2) \| Respond to of 13527 incidentally, it is clear that they are struggling big time right now, for them to go 7 mos without lowering guidance and still meeting the numbers, and then to guide down for the full year what they did says that they expect the second half of the year to have sequentially declining numbers, doesn't bode well for 2002 either if the trend continues, and who is to say that it won't? ----------------------------------------------------------------------------------------- I see no problems with that post. Looks like it was not malicious in any manner, does it? So here comes Robert with his reply: -------------------------------------------------------------------------------------- To:jopawa who wrote (13384) From: RobertSheldon Thursday, Aug 16, 2001 4:21 PM View Replies (2) \| Respond to of 13527 incidentally, it is clear that they are struggling . . . doesn't bode well for 2002 either if the trend continues What is your age? Have you ever been through a recession? Seriously. Your comments are without regard for the temporary nature of this economic environment. -------------------------------------------------------------------------------------- Now I'm sure that someone is going to say, "Oh, but Robert was just trying to get his age to deduce whether or not he had lived through a recession before." Whatever, give me a break. The bottom line is this is how he has treated everyone that disagrees with his opinion that GX is the Second Coming. It never fails. So why am I and others now the bad guys? Because of the several longs that are still stuck in the stock that still want to believe (it's ok to still want to believe... I sure want to). They HATE that some of us were right to have raised questions (and I'm sure that some, including me, wish we had acted better on our doubts <sigh>). It's hard to respect someone who continually belittles others. And I never wanted to put him on 'ignore.' I've acknowledged that he is very knowledgable about the company and the industry. He has made several good points. But God forbid if you disagreed with him. So Robert blows up Friday after he can't take the heat (what set him off exactly? The fact that John made a joke about one of his comments? The fact that the initial news of the DoD loss was so bad that we treated it as such?). Big deal. He blew this whole thing out of proportion by being a drama queen and laying blame of his departure on the few of us that had the balls to stand up to him. I'm of the opinion there were other reasons he left. Perhaps he got tired of looking wrong? Or maybe he realized that he couldn't push around people anymore as the stock fell below $5 (embarassed?)? Has he sold and moved on like so many others (not likely given what he has preached, but just an option)? Whatever the reason, life goes on, and so will GX... at least for a while <gg>. Jason P.S. And thank you Ally for all the hard work you do on this thread. I appreciate the posters like you and Martin that can take in and acknowledge both the positives and negatives of GX, and not get bent out of shape.