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


To: quidditch who wrote (811)5/8/1999 4:22:00 PM
From: GrokSoup  Read Replies (1) | Respond to of 15615
 
Global Crossing is leading our list today of most-searched-for short interest on NASDAQ. Check groksoup.com for yesterday's list, but here are today's top five:

Ticker Company
GBLX Global Crossing Ltd
TFSM 24/7 Media, Inc.
CODY Cafe Odyssey, Inc.
AMZN Amazon.com, Inc.
EGAM eGames Inc

P.
groksoup.com



To: quidditch who wrote (811)5/9/1999 4:37:00 PM
From: AJ Berger  Read Replies (1) | Respond to of 15615
 
GBLX Short Position is due to Arbitrage

further investigations of this stock lead
me to believe that this stock will not be
squeezed in the traditional sense, and that
most of that Short position is fixed and will
not be covered to further driving up the stock
price. Over a price of $50 GBLX is getting
ahead of itself, and only now are the retail
shorts joining the Arbitrage'rs. I think I
will wait for a major market correction to
help balance these forces on this stock.
I hope to post more DD when I see enough
direction for investment worthy proofing.