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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.06+0.3%11:24 AM EST

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To: rhkohnen who wrote (20582)12/27/2000 3:52:42 PM
From: Maurice Winn  Read Replies (1) of 29987
 
<Bought some more today. Just averaging in just in case. Not much downside now.<GG> > Careful! I know you are joking, but just for others to note, the downside is exactly what it always was and that is 100% of your money can be lost to you!

If the price halves, you lose half [if you sell]. If it drops 75%, you lose 3/4 of it. If it goes to zero, you have lost the lot.

No different from when it was $53 a share in the hubris of early Y2K.

Mqurice

PS: <...we on the Forum could buy GlobalStar, soar collectively into a blissful tropospheric orbit, and declare Peace on Earth, Good Will Toward Men in immaculate CDMA acoustics to people anywhere on the face of the earth (or in certain specially equipped Boeing aircraft).>

There aren't any orbits in the troposphere, britannica.com just a bunch of rain, snow, scorching sun and colder as you go higher. Thunderstorms, hail and thunder too. Maybe he means sitting in first class in a Boeing with perfect acoustics with a Globalstar phone. Okay, it was just poetic license. I can relate to that. Oh yes, hurricanes and tornadoes too.
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