Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.15

-5.9%

Nov 17 3:59 PM EST

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To: Rocket Scientist who wrote (8073)	10/27/1999 8:45:00 PM
From: djane	Read Replies (1) of 29987

Schwartz G* stock/bond purchases and Loral/McCaw discussions? (via G* yahoo thread) Top>Business & Finance>Investments>Sectors>Services>Communications Services> GSTRF (Globalstar Telecommun.) Message Boards Bernard Schwartz is Buying Today by: SafetyAgentMan (M/Aptos, CA) 10/27/1999 2:30 pm EDT I just found out that Bernard Schwartz bought 50,000 shares of GSTRF and 2 million worth of GSTRF bonds this morning with his personal funds. My only regret is that he does not think Loral is worth investing in. Message: 15559 of 15595. Posted as a reply to: Msg 15557 View Replies to this Message ____________________ @Solomoe by: SafetyAgentMan (M/Aptos, CA) 10/27/1999 5:17 pm EDT I talked with a professional money manager who has access to the information. He also told me he sold all the remaining shares of Loral he was holding for his clients. This is the fourth time this year that Bernard Schwartz has invested his personal money in GSTRF, but not a penny in LOR. I think the message that Bernard Schwartz is sending the investment community is very clear. He personally supports GSTRF, but does not consider LOR a good investment at this time. Message: 15573 of 15595. Posted as a reply to: Msg 15572 View Replies to this Message _____________________ BS Buying G* by: SafetyAgentMan (M/Aptos, CA) 10/27/1999 6:34 pm EDT LoralSoars, the charts prove what I am saying. LOR and GSTRF tracked each other until BS made his first big 1999 personal purchase of GSTRF at the end of March. From this point on GSTRF performed better than LOR. In mid June BS made another big purchase and GSTRF really pulled ahead of LOR. See chart: bigcharts.marketwatch.com d=16671&o_symb=LOR&urlpass=http%3A%2F%2Fbigcharts.marketwatch.com%2Fcustom%2Fmar ketwatch-com%2Finteractive-chart.asp&expand=int&symb=LOR&time=8&freq=1&compidx=a aaaa%3A0&type=64&uf=0&comp=GSTRF&ma=0&maval=9&lf=1 Now look what happened today. Both LOR and GSTRF tanked on the news of the GSTRF handset shortage. Then the market learns that BS bought more GSTRF and it recovers almost all its losses, but LOR stays down. You may be correct about the message BS is trying to send, but the market obviously is interpreting it differently. By the way, someone from the AOL LOR thread contacted Jeanette at LOR IR and confirmed BS's purchase today. They also confirmed that Loral is currently in talks with McCaw from Teledesic Message: 15583 of 15595. Posted as a reply to: Msg 15576

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