Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 72.54

+3.2%

1:05 PM EST

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To: Maurice Winn who wrote (1976)	9/10/1998 6:05:00 PM
From: RocketMan	Read Replies (1) of 29987

I'm not a stockholder, but sorry to see such a huge drop in price based on this launch failure. The space business is risky, and if we ran away every time we had a setback like this we would never have gone to the moon, put up space telescopes, or done half of what we have done in space. A launch failure is always a serious matter, but the fact is that any new space program has contingencies for failures such as this, and there is a reason why payloads are insured. Unfortunately, when rockets blow up they are very visual, and investor confidence can be shaken severely. Not a good thing especially in today's market environment. I suspect, though, that you will be back and this is a buying opportunity for someone.

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