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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 62.37+6.4%Dec 19 3:59 PM EST

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To: Jim Parkinson who wrote (1405)6/30/1998 3:09:00 PM
From: dougjn  Read Replies (1) of 29987
 
We (who read these threads and Readware on AOL) know about as much about this stock and Loral as anyone, other than very high insiders at the companies. In my opinion. (Not usually necessarily the case with SI threads, I think.)

The reasons to buy puts at this juncture are obvious. As is the reason why Gstrf has been trending down.

The upward movement in Lor at the same moment is a bit more puzzling. I suspect it has to do with a wider audience created by the secondary stock offering road show. Gstrf is a bit illiquid for large institutional holders; or at least most of them.

Clearly the Zenit delays could get much worse, and tend to flag the worry over a blow up. Simple as that.

Doug
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