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

To: METMAN who wrote (6262)	8/1/1999 2:40:00 PM
From: limtex	Read Replies (4) \| Respond to of 29987

Metman - any gut feeling why we're selling off here? Actually I have a suggestion and it is this:- The market is not as smart as I had though it was. I mean the on the ball SI posters are in my view as good as or if not better than the average fund managers. Forget about gamblers I don't think most of them land up doing all that well. Maybe SI posters don't either but it seem to me that for the most part there are some really bright people on SI who take a view on companies prospects and then research the hell out of them and then discuss it here on SI with a bunch of like minded techies some of whom including myself are fanatical about technology part of whose motivation is just being part of this great leap forward. Sort of like being carried along on a fantastic wave. Anyway if I now look back at what was clear from SI threads a year ago and see what has happened then I wonder how it was that the keen SI posters on say the QCOM thread for example saw things and insisted and carried on insisting that the Q was going to be a huge winner. The stock was attacked by shorts several times over the last couple of years and sold off quite badly some times. But the SI posters kept to their views throught thick and thin and now lo and behold the Q became a gorilla. The street was totally surprised. The WSJ published some really unfriendly articles about Korean handset sales earlier in the year. But still the Q came through. This has been true of several other stocks as well. You can only follwo a few stocks well at a time and maybe there have been many other sites that have had good contributors that if one had followed them their views would have been seen to be right and the stock of the cpmpanies concerened move up accordingly. But as I say it is difficult to follow many stocks closely and so one tends to focus on a few. Now GSTRF is one of those stocks that IMHO in a years time is goign to be a huge winner. Look at the quality of the contributors here ( I exclude myself from that comment ). When the stock price does start to take off you will see all sorts of new posters on the thread many of whom will be momentum players. Many posts will say things like I was just about to buy G* etc. Why doesn't it happen now? Well I guess its just a vision thing and those who follow some of these stock s thathave turned out to be hugely successful are just devoted techies and have a belief in the companies and the technology and the general market investor and fund manager is doing what they have done for years. Very cautious and very conservative. Thats it I guess. So if G* gets sold down to the teens don't think think badly of it, just think of it as a huge BO. Best regards, L