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


To: Jim Furley who wrote (256)3/3/1999 5:24:00 PM
From: Don S.Boller  Read Replies (1) | Respond to of 15615
 
JIM: Contra doesn't hold LVLT..........THAT IS GOOD NEWS...........
BWDIK,
Don



To: Jim Furley who wrote (256)3/3/1999 7:08:00 PM
From: Teddy  Read Replies (1) | Respond to of 15615
 
wow Jim, Contra holds GBLX? I can think of a couple of reasons why that is interesting:

On the report date, 13/31/98, Global Crossing had only been public for 4.5 months and had only reported once as a public company. Is it common for Contra to invest in new companies like that?

It is common for Fidelity (like most fund families) to have several funds that own a lot of the same stocks. It might be interesting to see how many total shares Fidelity owns.

I think that Fidelity would do a little more research and be more conservative that the two "Internet Funds" that have bought recently.

Anyway, looks like it might be time for you to put a down payment on that new toaster your wife has been eyeing. <G>