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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 62.88-0.5%Nov 14 9:30 AM EST

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To: lramzi who wrote (13487)6/14/2000 12:01:00 AM
From: waverider   of 29987
 
Well folks about a year ago I had a funny little stock called CHS. Let's look at the chart shall we?

askresearch.com

I sold my position after it broke that $5.50 level in late March. We won't talk about where I bought it.

Now let's look at the G* chart:

askresearch.com

I should of got out when it broke $9 but said hell, it has a great future. Well we busted through the $8 low today and I dumped half my position. I can't believe how much farther it went down today (after returning from Legoland even!).

Now I am not saying that G* is like CHS. CHS had fraud and lies suddenly revealed the day I sold around $4.50 (which is why I sold) or so...only to see it go sub $1 shortly thereafter.

Now I ask myself what does Bernie and G* HAVE in common with CHS? We have great mysteries about numbers and promises there is a great future. Well, I am not going to be sticking around for the final sword in my neck on this one.

I'll keep the handful of 2002 Leaps I have mainly because they are not worth much anymore and I have already considered them a loss in my mind anyway...but if we rocket, they'll help make up for the losses I took today.

I don't usually dump things like this, but I am no longer comfortable with management or the mystery. Shall deploy these resources elsewhere.

Good luck to everyone.

<H>
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