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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: ratan lal who wrote (493)3/27/1998 1:31:00 PM
From: Dragonfly  Read Replies (1) of 2693
 
I think its because the launch is delayed. It seems whenever there is a launch pending, the anticipation drives the stock up-- people want to get in and add to their positions figuring the launch will be successful, and those already in aren't selling... so up it goes. Then after the launch, it will loose some. I'm just hoping it doesn't go below 62 or so after the launch.

The opposite is happening for Globalstar-- they haven't had a launch for weeks and weeks until the next one, so they are drifting down. When they get to 63 or 64, I'll probably buy more- I expect they will have a good run up until their next launch in April.

Iridium will also have a good april, as they are putting a lot of birds up, so right after this launch might be a good time to buy! I think we'll loose a little bit after the launch.

Once all the launches are completed, I have no idea what the stock will do... but they (I* and G*)have followed a predictable pattern around launch (and testing) news.
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