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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Mama Bear who wrote (2340)8/13/1999 11:06:00 AM
From: Marty Rubin  Read Replies (2) of 2693
 
Barb, i don't think they will pay the $90. it just doesn't make sense that they will. but there's the possibility that a rescue plan will be imposed during the weekend. one party said they are willing to contribute; others may follow.

what i hope, in a way, is that gstrf goes to $50-70 so i can short it. even if only gstrf and irid survive (the companies), the first is likely to face the same problems -- subscriber growth. I* lowered prices but was still unable to attract enough costumers. G* said smaller phones will make it more attractive, but I* is also coming out with smaller phones.

for now, i'm looking for long-term stocks since i'll be occupied for 3 months. if you have any, please let me know via pm. tnx.
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