Today's movement tells me we were very oversold when we were below $12 in the last few days. I got all the shares I wanted, (with the last few being picked up yesterday at $12), and feel really good about my position. Of course, it could all turn around and run down into the single digits tomorrow, but as a long term position, I'm where I want to be now.
I like the ongoing stream of good news that seems to be coming out, kind of like a groundswell... you almost don't notice it until you realize that the Gateways keep coming on line, the SP's are starting to market the service, and the sound/connection quality is reportedly top notch. Gradually, we'll co-opt the government and large corp. users who either were into Iridium and are still gun shy, or wanted to see if G* would collapse on it's own. The longer G* is up, running, and running well, the less fear there will be in signing up for service. My guess is you'll see alot of new users coming on line after the new fiscal year starts, which will give them enough time to feel comfortable with the operation of the system, and get $$$ allocated in their '01 budgets.
My guess is that in 2-3 months, all the operational fears will be gone, and the stock will be flying. That's my story and I'm sticking to it.
DWB
Q2.5K/Y2K+5
G*?K/Y2K+2 |
