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Technology Stocks : Globalstar Memorial Day Massacre

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To: Rocket Scientist who wrote (404)10/9/2000 6:25:03 PM
From: Maurice Winn  Read Replies (1) of 543
 
RS, Interesting times indeed. I find it hard to believe that reasonably good information on MOU to end of September is not available to some people. Distributors who actually record the sales figures, GlobalstarUSA staff who bill the minutes and hordes of other people, in Vodafone Australia and around the world have a very accurate idea of how well they are going.

Let's assume that some are doing a spot of insider trading, not necessarily illegally even, but just trading on their impressions from their world view, the price movement suggests it's not good. The 'as fast as we can' share sale before the results are out would make any sensible person figure that results are bad too.

This seems likely to be a long haul. A longgggg haul, as with QUALCOMM.

Let's see what GlobalstarUSA comes up with as their brand spanking new, all singing and dancing, hot to trot, promotion next week.

My guess is a conservative, unimaginative, more of the same type deal [a bit cheaper, but not enough to get attention and certainly not enough to thrill the prospects].

Hoping to be pleasantly surprised,
Mqurice
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