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Strategies & Market Trends : Position Trading Forum
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To: Tim Luke who wrote (1366)9/10/1998 4:59:00 PM
From: Israel  Read Replies (2) of 7247
 
GSTRF is gonna make a great position play.

Satelites that were lost are insured, company suspects that the loss will be "significant, but nor permanent".

"Globalstar said after the accident that it still hopes to have its system activated by the end of 1999, albeit with just 32 satellites rather than the 48 originally planned.."

Anything sub 11 will be a bargain IMO. Near term we should see a rebound, 6-9 months down the road I expect the stock to retest its 52 week highs.

Happy Trading,
Israel
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