Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.84

+1.2%

12:33 PM EST

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To: literaryfx who wrote (15703)	8/14/2000 4:47:48 AM
From: Maurice Winn	Read Replies (2) of 29987

<I feel the flaw in this approach is that the stock market would incorrectly perceive a second price cut, on the heels of the bundled Freedom Plan (which was a sharp move), as a clearance sale indicative of a terminal execution/demand problem, especially with the current negative mood towards the satellite communications industry. The shorts would have us longs for lunch.> Ken, the shorts have had lunch. There is no more lunch to have. The institutional holders have been selling according to that link [thanks Alan Norton and Richard Luis]: insidertrader.com biz.yahoo.com The shorts are full up. Every share available has been shorted [near enough]. The negative sentiment is as negative as it can get. A price cut would not be seen as negative. There has just been a significant price cut and that didn't cause a problem. Unless there is something done to stem the losses, fundamentals will deteriorate further. Then we won't have to worry about shorts eating lunch. You'll have to worry about longs selling their stock for whatever some sucker wants to pay. Mqurice

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