NYT. Global Crossing, another of George Gilder's picks for global domination files for bankruptcy protection.
"I don't know how the management of this company did so well while small shareholders did so poorly," said Linda Lorch, a primary- school teacher in Scarsdale, N.Y., who said she lost more than $120,000 on Global Crossing stock. She must have read Gilder! Think about all the money he made on this stock! The answer to this is easy, these guys knew about the internal financing of the company and its business prospects. They bailed when it started to look grim. Happens all the time. You can get insider trading info from Yahoo. Have a look at the May 2001 insider sales at ~$12 a share! Everyone got out.
10:31:21 AM
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