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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 62.88-0.5%Nov 14 9:30 AM EST
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To: Jeff Vayda who wrote (8063)10/27/1999 1:33:00 PM
From: djane  Read Replies (2) of 29987
 
G* at $20 with 4.5M shares traded already -- amazing volume. Portfolio managers can't stand the embarassment of believing the G*/BS story and explaining to their boss about how G* is different than Iridium. A bunch of sheep, I tell ya... Anyway, to my knowledge, Tejas has been negative on G* and Iridium all along so their timing at the 10/31 fiscal year end is their usual stick-the-knife-in-while-most-vulnerable strategy.
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