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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 58.68-3.4%10:35 AM EST

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To: William Nelson who wrote (1494)7/22/1998 4:07:00 PM
From: Drew Williams  Read Replies (1) of 29987
 
Actually, as far as I know, GSTRF has met every technical benchmark on schedule and on budget except for the normal launch delays. In other words, they are successfully doing what they said they would be doing. So, the stock drops 25% for what reason?

I'm not saying the market is wrong (by definition, the market is never wrong). I'm just saying there is a dynamic operating here that I do not understand.

Maybe they should rename the company "GLOBALSTAR.COM". <g>
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