Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 50.53

+4.7%

Nov 7 9:30 AM EST

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To: Ilaine who wrote (12717)	5/13/2000 12:52:00 AM
From: Maurice Winn	Read Replies (1) of 29986

Cobalt, thanks for pointing out the real meaning of 'investors'. I was not kidding that I didn't realize how broad the dictionary meaning of 'investors' is. I've never got involved in puts and stuff like that. I just do real boring fundamental figuring out and buy stock and hope to live on the profits from sale of handsets and minutes. I wouldn't know a put or covered naked call if I fell over it. Bonds are baffling too. I prefer simple stuff like funds flow! I dare say many think I'm anti-short, which anyone who has read a bit would know is absurdly untrue. I've always been a fan of speculation [not doing it though] and consider speculators the premiere investors because they carry the BIG risks and must understand much more than whether a Globalstar phone will be a popular line and profitable. Speculators [shorters etc] have to understand both the likely success of the product AND the mania of the people who buy and sell shares. Boring LTBH investors pride themselves on not even bothering to time the market [which seems nuts to me - I don't see why buying AFTER market drops isn't a wiser course of action]. Globalstar right now is AFTER a very big market drop. Mqurice

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