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


To: KM who wrote (565)4/1/1999 5:50:00 PM
From: Teddy  Read Replies (1) | Respond to of 15615
 
Well Truff, i'm not selling my original shares because the taxes would be huge. Also, while i don't expect the stock to do much until the merger plays out, i could be wrong (i've been wrong more than once before) I would not be at all happy if i sold, incurred a tax liability and then the stock didn't go significantly lower: i wouldn't even be able to buy back the same number of shares i started with.

i do have a GTC order 37ish to buy some trading shares: even long-term investors need pizza money.

Anyway, welcome aboard Truffie. You did read the Prospectus, right?<G>



To: KM who wrote (565)4/3/1999 7:19:00 PM
From: Morgan Drake  Read Replies (1) | Respond to of 15615
 
I think the one reason that this stock hasn't moved...

or has even slid a bit is that folks are jettisoning this stock to get into Qualcomm. (I lost $60k on the FRO news in April calls, but in the last 10 days made a quarter of a million $ on Qualcomm July 85s and July 120s)