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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.75-0.5%Nov 28 9:30 AM EST
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To: tero kuittinen who wrote (8397)11/18/1999 6:21:00 AM
From: Michael Allard  Read Replies (2) of 29987
 
Tero -

I hate to agree with you, but your comments about the stumbled launch hold merit.

Curious though, you mention how "mind boggling" it is that the stock is where it is at. Are you short GSTRF? My guess would be that you are not, and if you are not taking a short position on a stock that is holding a "mind boggling" level, then doesn't that help explain to you why it is holding?

I agree that we are off to a similar launch as IRID, the only exception being the quality of the system reports which do trickle in. With IRIDIUM, the reports were mixed to negative, Globalstar is all positive. There is a lot of frustration however with getting handsets. I was promised one on Nov 15th, then put off to 1st week of December (to be part of the Friendly Launch in US). I know of three other people trying to buy them as well (all boaters).

The stock will probably maintain this level, even inch up in anticipation of hard launches and news because people believe there is a market for this service. When and if they are proven wrong (ie - 200,000 handsets on the shelf that won't sell), then we would clearly follow the path of Iridium. When we are proven correct, the stock will jump. Even the non-believers (such as yourself) are not willing to take the risk that they might be wrong, and that is what keeps the stock in the range that it is.

Good luck to all!
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