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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: RMiethe who wrote (5224)	6/17/1999 4:59:00 PM
From: Goodboy	Read Replies (2) \| Respond to of 29987

Predictions can only be judged to have been accurate after the fact. All the predictions here, no matter how much evidence is put forward, are still only predictions. A lot of very large, smart investors and corporations invested $5 billion into Iridium based on the predictions of the technology working and the demand and market size being very large for their service. Those predictions proved to be partly wrong. If Globalstar were to annouce pre-launch deals with corporations or goverments, I would say that would be quite bullish. If they were to annoucne definative terms and timing on recieving $600 to $700 million in funding, that would be bullish. If Airtouch were to announce that their pre-launch marketing efforts and solicitations resulted in orders from 10's of thousands of their subscribers for the Globalstar service, that would be bullish. What I think is more likely to happen in the coming months is anxiety, doubts about the size of the market and demand, fears about funding to the industry, launch anxiety, fears regarding the Iridium plan to salvage the service, developments with ICO, Ellipso or Teledesic and the overall market. My bet is that the issues that I just listed will dominate the trading action of the stock before the potential of any of those pre-launch bull factors ever coming into play. Unlike some, I beleive that just beyond the initial launch stage, Globalstar will see significant subscriber growth, large corporate or government deals and the uncertainty and anxiety will dissappear with cautious optimism in its place giving way to outright bullishness by the 2nd or 3rd quarter of 2000. This is about making money you know. I think the debates here have made it very clear that the market exists, Globalstar is attacking it correctly, they have the flexability to price agressively, the proper distribution channel, smart management that will adjust strategy if it is faltering and a group of strategic investor that are incented and unconflicted to push the service to commerical success. So all I care about is that the stock will drift here and that drift will take it lower. At those lower prices it will be worth it for me to liquidate other positions and build a large position in Globalstar. It is all about making money as much as it is about being right. Lots of people are right, but lose money or opportunities. Lots of big investors were proved right on Time Warner over the last 2 years, but they held dead money for almost 4 years prior. I like to be in the right place at the right time. Sorry if you don't find my views of value.