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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 54.19-7.1%3:59 PM EST
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To: djane who wrote (3019)2/19/1999 10:31:00 PM
From: Joe Brown  Read Replies (1) of 29987
 
Good Lord, the board's gone mad. This same story was floated a short time ago, but this time in relation to Iridium. The market must be headed for a helluva drop when the same story gets passed around like this.

I'm worried about the market, and more worried about the satcom stocks, mostly the MSS kind. Breadth is horrible, and only the predictable will suffer mere 10-15% drops; i.e., CSCO, INTC, MSFT, etc. The "concept" companies (IRIDF and GSTRF) will probably do worse.
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