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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 67.69+3.9%2:15 PM EST

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To: Sawtooth who wrote (9417)1/10/2000 2:21:00 PM
From: David Wiggins  Read Replies (1) of 29987
 
To thread re: 'other shoe' - sorry to be so obtuse. What I meant was that it didn't make sense to me that news of dilution would make the share price pop up. Actually, as I expected, it opened down, but then for some unknown reason it came back strong. That unknown reason, I would say, is the other shoe. I don't know what it is, but there have been a lot of postulations on this thread as to the cause of the recent jump in share price that seem to make sense to me. At first, I thought it was just the underlying fundamentals finally starting to firm up, but after the movement today, I suspect there is something more discreet, and to cause a strong movement against this news, it must be rather potent. It doesn't really matter, though, as long as the share price continues it's upward trend :)

Once again, sorry to be misleading

Regards, Dave
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