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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 48.26-5.6%3:59 PM EST

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To: Maurice Winn who wrote (245)1/12/1998 9:40:00 AM
From: Larry L  Read Replies (1) of 29986
 
Maurice: You are making the mistake that the market is intelligent and educates itself. The individuals on these threads are the educated minority, the bulk of the market barely comprehends what they are invested in. As for assuming a higher price means better quality, we all might be surprised as to the percentage of people that actually believe that.

On another issue, Lehman Brothers has reiterated their "Buy" rating on G*, stating that the recent price decrease has created an opportunity. They also quote G* as twice confirming the Feb. 5 launch date.
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