Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: quidditch who wrote (804)	5/6/1999 3:40:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 15615

No offense Steve to you. I only am using your post since this is my first post here. I've read many of your posts and you have a good bead on the company. There are lots of guys here who I respect. I'm a staunch advocate of cable and a believer in Global to realize it in the future. Right now I think this stock is setting up for a terrific plunge which I intend to milk for every cent by going short. One of the previous posters said "if it holds 54, then 70 and above is coming". Well, it didn't hold 54, and that means it's going to make a tremendous plunge. It will do this because the stock is worth about $10. Would you like to disagree?

To: quidditch who wrote (804)	5/6/1999 7:53:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

hi steven, very nice post, but it seems you missed a few pages when you read the Prospectus. It is a fairly long document and many of the words are quite large. I had to ask for help several times when I first started reading it, and I'm an above average reader. ;-) The explanation of Rule 144 that I cited is found on page 75 under the heading "shares Eligible for Future Sale." Had you read (and understood) the preceding section, starting on page 71, "Description of Capital Stock," you surely would not have written (in capital letters): BUT THE INSIDERS MAY HAVE ACQUIRED (AND ALMOST CERTAINLY DID ACQUIRE) SHARES WELL BEFORE THE IPO DATE!! If, after rereading that section (including the details of the "Old GCL Exchange"), you still have questions, you could call someone at Global Crossing. Kenneth Simril (310-385-5200) has been very helpful to me in the past. I do suggest that you have a copy of the Prospectus and the latest 10K on hand when you call.