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

To: masoud manoo who wrote (620)	4/11/1999 2:47:00 PM
From: quidditch	Respond to of 15615

It is always difficult to time purchases relative to a specific stock's market price and market levels in general. GBLX has pulled back since early March as market reaction to the announcement of the Frontier transaction was initially negative. This sentiment may be in the process of turning around as the market begins to appreciate the synergies that Fro brings to GBLX, albeit a hefty premium to Fro's market price prior to the announcement was offered. In addition, it may be argued that, given the relatively early stage of execution of GBLX's business plan and the probable erratic pattern of earnings that we are likely to see (dependent on sales of dark fiber and status of buildouts of the various undersea laying of fiber) for the next four or five quarters, GBLX's share price has gotten ahead of itself (if there is such a concept any more). My recommendation would be to establish an initial position, and average up or down as events warrant. Regards. Liacos_samui