Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.25

+6.2%

Dec 19 9:30 AM EST

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To: Valueman who wrote (15312)	8/3/2000 5:04:51 PM
From: Investartist	Read Replies (2) of 29987

Valueman, When PSNRY evaporated from $43 on 3/1/00 to a low of $9.25 on 7/12/00 should we have been negative. How about today when it closed at $12.5? Should we bail??? Have you? When VSAT went from $24 to $7 in '97/'98 should we have listened to the press and DUMPED it? It hit $105 earlier this year...nice 1500% profit if you sold then. When Cramer called AMD a hapless company should we have listened? Surely the so called market experts knew something we didn't when it evaporated from $44.5 to $12.75 in '97/98 down 71%. The so-called experts must have been right? The market is efficent...isn't it? However it hit $97 this year before settling back to $65 today. Still it had a nice 500%- 750% return in a couple of years. I'll bet there are not many experts who returned that much in a couple of years. My point is the market is NOT efficient. So much is based on appearance and press. At some point we have to do our own research and use our own minds. If we follow the herd we never do better than the herd. I prefer to be ahead of the pack. Investartist

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