Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.34

+7.4%

Nov 12 3:59 PM EST

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To: Daskin who wrote (10146)	2/17/2000 8:50:00 PM
From: leo_bloom	Read Replies (1) of 29987

Hi, Daskin. One might also ask, "When did Soros sell and how much did he not sell?" Who knows, maybe he bought some today. You're right that Globalstar's been dropping steadily and steeply for longer than a single day. But just as a stock can get overbought on expectation, it can also get oversold on anxiety. Sometimes doing nothing isn't a bad plan, either. I think it's too early for anyone to be able know for sure that Globalstar is going to fail. I still think it's much more likely to succeed. There are no other systems with Globalstar's capabilities in place, and the barriers to entry are way too high for anyone else to try it until final judgment is pronounced on Globalstar's viability. By the time Wall Street can make that judgment and be correct about it, much of the potential reward as well as the risk of owning this stock will be gone forever. Each investor has to assess for himself/herself whether, at this point, they think it makes sense to stay in Globalstar. I just remember thinking how I felt late in December, when the price spike caught me off guard and I was kicking myself for not having bought more. But that's just me. I'm pretty sure we will not see the stock anywhere near 25 in a few months, one way or the other. I keep telling myself that a single positive surprise is all its going to take to set off panic buying of this stock. That's at least as much hope as expectation, but it's keeping me long. I've been wrong before. Best of luck in whatever decision you make. leo

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