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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 66.79+5.2%12:37 PM EST
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To: Rocket Scientist who wrote (10589)3/7/2000 5:19:00 PM
From: Jim Parkinson  Read Replies (1) of 29987
 
Today's action is a joke. ML calls a receptionist or some other front office type who has only known about this for a week and who probably thinks the phone is too expensive and draws a conclusion. Did ML speak with G* USA? Not according to them. This product is essentially a week old to many of the retailers. Some are more informed than others but that will change over time. And let's not forget that G*'s primary market is outside the US i.e. So America, Australia, Turkey, etc., where service is only now being introduced. Vod announced svc in Australia this am. We have panic selling going on which is painful but doesn't usually rule in the long run. The question is not of demand but can the sp's effectively market the product? Well, they have only just begun and they supposedly are the best in the business.

Having said all this, it really really really would be nice for something definitive to come out of Lor/G* now. They simply cannot sit back and watch this carnage. They and their employees are having their a.. handed to them. They cannot be happy. I was told earlier that they were having heart attacks at Lor. Join the club! Now speak please!
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