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

To: guido leone who wrote (382)	3/15/1999 10:20:00 PM
From: risk-averse	Respond to of 15615

I am not so sure there will be a pull -back to any large extent. The float is small and the volume in the 50's was well over 2-3 mill, suggesting BIG money in at these prices. Will there be a pull-back...sure, but it will be an opp to buy more...IMHO. Also, I suspect the big boys are positioning themselves before the upgrades. As the foalt increased, funds eye's popped open, and likely came in. Wait and we will see. Too bad I said that about yhoo and did not buy when it was 185 pre-split!

To: guido leone who wrote (382)	3/15/1999 10:51:00 PM
From: Mazman	Respond to of 15615

guido, Though this stock has had an amazing run, I would hesitate to make any predictions as to where it may go next in the short term. But long term, it's headed up, way up. Global Crossing is a unique company with a singular product (private undersea cable) in an explosively growing market. Since I'm a long-term investor, I just get in and hold on. It's a strategy that has worked well with WCOM, AOL and Dell. I see GBLX with the potential to join such exalted company. regards, mazman