DWB see the earlier post Message 13658362 about how you can open a margin account which will improve your financial flexibility and overall strength.
That has the added advantage that you can move your Globalstar shares to the cash account if you think the price has gone too low to make sense, which will help push the price up a bit. If you think it has gone too high you could move them to the margin account.
Meanwhile, at last we are having some serious fun in the markets. Both Dow and Nasdaq dropping together at last, rather than playing see-saw which happened for a while. This could be a little brutal for a lot of people who over-margined or otherwise can't afford to ride out the bottom.
Dow 10,418.99 -117.76 -1.1%
Nasdaq 3,438.62 -146.39 -4.1%
S&P 500 1,392.70 -19.44 -1.4%
30yr Bond 6.16% -0.05
GNET 39 3/8 -5 9/16 -12.4%
Still another 1000 to go down on the Dow to finally complete the down which should have happened last June. The Nasdaq should go down more in sympathy.
I wonder how many people are giving hot stock tips to their friends now.
I wonder if the technical traders believe in "momentum" trading now that prices and the collective IQ of the investment world are going DOWN instead of UP.
I wonder if Judge Jackson, Joel Klein and Janet Reno are starting to think anything about how Microsoft being attacked for no sensible reason is NOT good for investors, [who are now half the USA and lots of UnAmerican people around the world] or the USA economy. This is a LOT worse than a Green$pan-induced anti-exuberance move due to increasing interest rates. This is actual real economic destruction as technology developments will slow by smashing up companies or otherwise penalizing them.
If you cut the Corpus Colossum psychweb.syr.edu
of Joel Klein, or one of the other JJJ Klan members, that is the same as chopping Microsoft in half. Then again, it seems that maybe Joel, Janet and Jackson might already have had either a pre-frontal lobotomy or a Corpus Collosum slicing. These have both - insanely - been used to 'cure' epilepsy and other mental problems and the JJJ Klan propose a similar 'cure' for 'monopoly' when the only problem is in their own heads.
While I wouldn't at all suggest that the JJJ Klan is mostly responsible for the market crash, they are surely a big part of the problem. I imagine Al Gore might as well hang up his cowboy boots now and forget about the Presidency. He'll have to get Clinton to cancel any further jealous and hissy-fit attacks on producers and hope that the Supreme Court also realizes 'anti-trust' laws should only apply to trusts and in any event, are unconstitutional.
The Great Globalstar Memorial Day Massacre is going to be well-timed to coincide with some mayhem in the markets by the look of it.
Mqurice |
