Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 61.74

+4.4%

2:39 PM EST

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To: Maurice Winn who wrote (16060)	8/22/2000 3:39:52 PM
From: Michaelth1	Read Replies (1) of 29987

Maurice: You are correct regarding options being, imo, the best way to play G's upside. As someone who had Jan 00 LEAPs in QCOM and happily sold them for a 100% profit, I know that LEAPs / options can be a way to leverage. I know this because I then watched those QCOM LEAPS basically turn into a 25 bagger about 6 months after* I sold. Why is it that you remember your "mistakes" (tough to call a 100% ROI in about 6 months a mistake, but missed opportunity hurts) better than your victories? It's been my plan for months to look at G* '03 LEAPs around Sept / Oct of this year based upon the premise that G's Q3 numbers will suck and the street would then crush G; that crushing actually came earlier than expected. I figure that by Jan 03, G* will either soar or sink--no middle ground. If G* soars, the options will provide a much higher ROI than the stock; if G* sinks, the LEAPs will be worthless, but the stock most likely will be too (or very close to nil).

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