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Technology Stocks : GX Investors Thread -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (185)	8/29/2001 3:14:19 PM
From: k_maxwell	Respond to of 586

I agree. But I like to think of GX as a real estate company. Who in the world could get funding any time soon to build something competitive to GX's undersea fiber optic network? If internet traffic is indeed increasing fourfold per year, that's over 1,000 fold in 5 years and 1,000,000 fold in 10 years. And that doesn't even take into account the fact that the rate of growth is likely increasing, so we have double exponential growth. I know we've all heard it before, but the so-called "fiber capacity glut" is going to get eaten up pretty darn quick. I've only recently bought GX for the first time, first at $5.96, then $4.95 and yesterday at $3.99. Yes, I've been averaging down, which a lot of savvy investors claim is almost always a bad idea, but I've got to believe that GX will emerge from this telecom bloodbath as one of the best, if not THE best, positioned company to benefit from the exponential growth of the internet and data traffic. Cramer needs to take his meds; I change the channel when he comes on CNBC.

To: BWAC who wrote (185)	8/29/2001 4:20:46 PM
From: Theophile	Respond to of 586

Take a peek at the Reuters comment wrt the announcement. Reuters lists about 4 rumors, simply pounding home the fact that who controls the media rules the world. Think about that next time you see a Presidential election poll, too. Reuters ends their statement with the capacity swap issue as though it is from reliable sources. Short interest is 94M as of Aug 15. I expected it had climbed closer to 100M. I can easily see that the GX employees with stock options would be losing their morale, as intended by the shorting interests. The intangibles due to the heavy short interest are beginning to weigh heavily on GX news items. I must assume that once the price got low enough for the funds to exit, the shorts can begin to cover with little fear of a fund running a short squeeze on them. Whether or not the shorts are planning on covering is the bigger question. I expect they are hoping to purchase stock directly from GX without going into the market. Martin