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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 66.73+7.0%10:59 AM EST

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To: dougjn who wrote (1406)6/30/1998 3:33:00 PM
From: Jim Parkinson  Read Replies (1) of 29987
 
I agree especially with the liquidity issue. One must put into perspective that both G* and L* are up for the year, up substantially from a year ago, and running fairly true to Readware's and others price targets. I believe Readware has a mid 30's target on G* for ye 98 after just 2 Zenit launches. I am no rocket expert but, my sense after reading posts from those knowledgeable in these matters that there will be a successful Zenit launch by late summer or early Sept. If it is true that it was only a sensor that delayed the last launch and not something worse, then I have got to believe they will correct the defect and light the candle WHEN THEY ARE SURE. There is alot riding on this for their space program. It will probably be a rough ride in the meantime but what does it matter if your horizon is long term and you are not on margin?
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