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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Gamma Positive who wrote (893)	10/5/2001 7:56:19 PM
From: Sun Tzu	Respond to of 10714

Ouch is right my friend. I should have listened to my experience and methods that I have developed and cut the losses when it went below 2.5. But the whole thing happened too fast and I was hoping for a bounce that never came. I've developed a couple of models that discuss the risks and rewards of GX at these levels. You can go to the GX thread and check them out. The bottom line being that unless their debt is called in due to missing their covenants, GX should make it through 2002 but 2003 will be a bit tricky. IF, by whatever means they make it through 2003, then by the end of 2003 the GX should be valued at over $8B. But chances of that are 50:50. ST