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Technology Stocks : Loral Space & Communications
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To: dougjn who wrote (1907)2/12/1998 7:44:00 PM
From: Dave Carlton  Read Replies (1) of 10852
 
Not mindless cheerleading at all -- just perceptive analysis. I bought some more GSTRF in early January in the low 40's precisely because it looked low relative to LOR. Like you, I bought some more LOR two weeks ago at 22.5 because it was now low and GSTRF had started running up.

I am not a trader and frankly acknowledge that I am incapable of timing the market. But I do think there may be some money to be made by alternating investments between LOR and GSTRF depending on which is up relative to the other. In other words, this would be a good time to cash in GSTRF (especially now that it is boosted by the imminent launch) and swing those funds into LOR. When the post-launch euphoria dies down and GSTRF retreats to a price where it is relatively cheaper than LOR, sell LOR and use the funds to buy GSTRF. In this way you stay invested, but possibly may generate some additional funds and shares. Probably works best with a pension fund where you don't pay short term capital gains. Has anybody tried such an approach?
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