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Technology Stocks : Globalstar Memorial Day Massacre
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To: tensforme who wrote (243)5/26/2000 4:19:00 PM
From: Maurice Winn  Read Replies (2) of 543
 
Lost in noise! Well, so far, the Great Globalstar Memorial Day Massacre has NOT been a wild success. It has been a fizzer.

If anything the advertising seems to have increased rather than reduced the number of shorts.

All very interesting.

I suppose the long period of time since the start of the discussion enabled everyone to check out their positions and act accordingly, so on the penultimate day, everyone was happy and the market price is right where it should be with buyers and sellers in happy balance.

Free markets are wonderful mechanisms!

I never was a TA fan club member! Fundamentals are my thing. But I do have some margin, so I guess that means I'm prepared to do a little TA, thinking that any drop won't go all the way down to clear out my margin debt by forced selling at a bottom.

Then again, maybe people have dehypothecated today or will do it next week and the effect will show up later.

I guess my broker will NOT be offering me an extorquerationate interest rate to lend a shorter my stock. Globalstar will NOT enjoy a share price increase and better refinancing on the basis of less short interest. It's GROWN!!!!

A LOT of people think Globalstar is NOT doing a good job of marketing an excellent product and expect further price falls.

Vodafone's latest pricing in the UK is NOT any encouragement that they intend to sell a lot of minutes anytime this year.

Dehypothecated, disappointed, but not defeated,
Mqurice
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