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

To: Maurice Winn who wrote (7065)	8/31/1999 7:54:00 PM
From: Sawtooth	Respond to of 29987

(Not directed specifically to you, Maurice; but, with the wide scope of your famous rants, almost any and every post could tie into one of your comments somewhere along the line <ggg>) A Musing: Not to discount the mistakes made by Lor/G* management (best viewed in the rear-view mirror) and the concerns about the future, but isn't the reason most of us are in this stock is for a known high risk/expected high reward payoff? Of course there's a dense cloud of FUD engulfing the project at close to rollout. The future contains much less risk for companies like Northern States Garage Door Opener (OPEN) and International Sanitary Toilet Seat Covers (ICKY). The potential reward is similarly contained. Stating the obvious, perhaps, but sometimes I think it's a forgotten concept. Let those who want to write articles questioning the business plan and crystal-balling the demise of the project do so. They might be right, in which case the din of "I told you so" will ring loudly and long. But if we're right, we'll be using a garden rake to gather our gains. Meself, I'm keeping a good chunk of my stack of chips right on G*/LOR/BS/CDMA/Telecomm. No guts, no glory! (well, perhaps a little hedging <ggg>). Best.