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

To: Scott Williams98 who wrote (873)	5/13/1999 8:58:00 PM
From: AgFinder	Respond to of 15615

It seems the Internuts sold off, after Gerstners comments (IBM), taking GBLX along for the afternoon ride down. IBM with $20B revenue from eBusiness is winning versus the rest of the Internut sector. GBLX lack of follow through on the breakout seems more like collateral damage. Nothing said about IBM should negatively affect GBLX... instead the reverse should be the case. Global organizations going after global business bringing Business to Global Crossing in the process ! Ultimately, this company will be a monster... an alchemy of Smarts, Glass and Light... I'm long for the next decade. Ag. P.S. To those inclined to flame others for their opinions or mistakes: it should be understood to post something in error should be OK, but lets correct the errors with respect and decency.

To: Scott Williams98 who wrote (873)	5/13/1999 9:22:00 PM
From: KM	Respond to of 15615

The ride down from 63 to 60 was over a short period of time and was a total hose job, designed to create a bearish chart. I was trading this and LVLT today and both were very strong until the sell programs started. I sold my last ones at 63 when I saw the programs starting but fully intend to buy them back tomorrow. FWIW: Get With the Programs By James J. Cramer 5/13/99 4:34 PM ET Hold it! I just heard on the box that there were no sell programs to speak of today. That's just plain WRONG! NDX sell programs and MSH sell programs (tech and more tech) colored things throughout the day and accelerated at the bell. They were relentless. These programs were directly responsible for the vast majority of the OTC weakness. What triggers them? Chiefly, fears generated by Oracle (ORCL:Nasdaq). Secondarily, worries sown by Wall Street firms about Intel's (INTC:Nasdaq) earnings. Third, IBM's (IBM:NYSE) diss of everybody else but IBM. Why did we set up this online financial information system? One reason is that, when you get total disinformation, such as "there were no programs," I can tell you, wait a second, I saw a gazillion of them today. Does that mean that the Nasdaq wouldn't have gone down without them? Absolutely not. It just means that the frightening pace of the decline can be pinned directly to managers putting on massive short positions in derivatives that instantly spilled over to the stocks. For me, as I have indicated, I used the programs to do some buying, but not much, because I don't want to be in too big when Oracle explains that all is bad in PCs and dots and that's why ORCL is doing badly. I nibbled at Cisco (CSCO:Nasdaq), I bought a little Yahoo! (YHOO:Nasdaq). Nothing big. But I always let the programs work for me. You can, too, provided you know that's what's driving things. You sure wouldn't know that from listening to the talking heads. Oh yeah, the programs started at 1:30 p.m., case you were wondering.