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

To: kech who wrote (6340)	8/5/1999 10:50:00 AM
From: brian h	Read Replies (2) \| Respond to of 29987

Tom, Another wow for such a correction. There is no support in sight. Brian H.

To: kech who wrote (6340)	8/7/1999 1:38:00 AM
From: John Stichnoth	Respond to of 29987

Tom, I'm increasingly convinced that G's weakness, along with other companies that have been priced on earnings out in the future, is due to a flight to perceived quality. People are looking at safety. "How far might that stock fall?" If it is priced at this year's earnings, somehow it seems safer. And especially with a development stage company, there is little patience in this market for the deferred earnings promise. This is a washover, perhaps, of the internuts. And also is seen in Q's price, I believe. So, the weakness is not G or Q-specific. (I hope I'm right! :o)). Best, JS