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Technology Stocks : Globalstar Memorial Day Massacre

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To: Maurice Winn who wrote ()5/8/2000 3:19:00 AM
From: Maurice Winn   of 543
 
George Gilder says: <A foundation of the Telecosm is a concept of crucial abundances that define an era. >

Globalstar has an abundance of minutes right now!

and [admittedly second-hand information]:
Message 13515917
<My companies are chosen for the long haul. If I am right, a company such as Avanex will continue to grow for a decade or more. Timing now is relatively insignificant from this point of view. Investing is largely a matter of confidence. If you know a company is founded on a paradigmatic technology, aligned to the evolution of the telecosm, you will be willing to buy when everyone else is selling and sell at your leisure when the rest of the world comes in. 4/27/00

Much of the world now thinks Globalstar is a clinker. The vultures are circling. The wiseguys are selling short. Fortune is appalled by the very idea of such a company. That is the kind of buying environment I like. I get nervous when I feel the heat of the herd. 4/27/00
>
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