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Technology Stocks : Primestar/TCI Satellite (TSATA)
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To: Noel who wrote (156)1/12/1999 1:42:00 PM
From: Bo Le  Read Replies (1) of 442
 
Noel,

Thanks. I read that from skyreport.com this morning.
I have closed out my position yesterday (sold at $1.625).
I had my original shares from my TCOMA. Then I brought some additional shares at $1. My cost is about $1.5. It is not a pleasant experience for me to hold this thing for such a long time. I still like the satellite industry. I like to buy something and hold for long time. If I am sure that TSATA share holders will not be wipe out, I would like to hold even no deals from GMH or DISH. But I feel they really don't care share holders and they only care about how much pct equity they control (I mean cable companies). I feel a re-org (in or out Chapter 11) may wipe out current TSATA share holders.

Bo Le

P.S. In general my timing is really bad. I guess TSATA will shot up from here.
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