Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 57.61

+14.0%

3:59 PM EST

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To: RobQ who wrote (10123)	2/17/2000 8:15:00 AM
From: leo_bloom	Read Replies (1) of 29987

Rob, I'm guilty of having passed along what I heard from others. I didn't catch the interview myself. What I heard is that J.M.'s Loral bashing was a rerun of what we were hearing from the Republicans last year. Nothing new: a highlighting of B. Schwartz's contributions to the Democrats and allegations of Loral's involvement in providing the Chinese with sensitive information on missile technology. This probably has little to do with G's price drop yesterday, though. Most of the political heat has been directed toward Loral, rather than G. My guess is that a lack of news the day after February 15 is what prompted selling. February 15, one of the days mentioned as the beginning of full commercial service for operational gateways, was probably a deadline of sorts for certain institutional investors. Maybe they had determined that if they didn't get certain concrete and positive news about operations by the 15th, they were going to bail. For a darker take, I've also considered whether the Feb. 15 "deadline" could have been used by market manipulators to knock the price down by capitalizing on jittery investors' fears, which were probably very ripe after a prolonged downswing in the stock and no big news on the 16th. Just random speculation. lb

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