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Technology Stocks : Primestar/TCI Satellite (TSATA)

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To: JDCFA who wrote (70)9/10/1998 10:51:00 PM
From: Noel  Read Replies (1) of 442
 
I find it hard to believe that anybody would recommend USSB right now. If you're one of those unfortunates that bought at 36, you've got about 18% of your value right now.

Unfortunately, USSB needs its stock to get stronger so it has some maneuvering room. Once it does, it will be a good buy. I know that sounds non-sensical (it has to go up before it will go up), but the stock has just traded its way sideways over the past 18 months, and nosed down here in the last couple. Just 60 days ago, it made a move from about 9 to 12. If you were one of those who bought at 12, you've lost 50% of your value in just 2 months.

I think it has to get to 13 before it becomes of interest. Until then, I think that the market price has factored in the treachery potential of GMH (especially if something happens to DBS-1).

Goodboy seems to have some very detailed information on TSATA. Nonetheless, Primestar remains an underperforming competitor, and right now DISH has some momentum...

Regards,

NOEL

P.S. Was it LOR I read that just lost 10-12 satellites in a launch failure? Shows you that a bird in the sky is worth 10 on the ground...

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