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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (114805)	7/29/2008 1:36:31 PM
From: GuinnessGuy	Read Replies (1) of 132070

Hi Mike, you wrote- "But, at 105%, there could be one heck of a short squeeze." That's just another reason that I like GEOY. Their launch of a $500 million satellite on 22 August has a 95% chance of success. The launch vehicle has at least 80 consecutive successful launches. If it does succeed, I think the shorts are toast. I was thinking that maybe these shorts are a hedge against call options written in the event the launch is a success. Is that a plausible way to hedge in case of a launch failure? In any event, note that GEOY only has a $382 million market cap, so if this puppy gets up into orbit successfully and deploys successfully, it would be selling at way under book value at today's price. Craig

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