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

To: Serendipity who wrote (7596)	9/28/1999 1:28:00 AM
From: I. Luttichuys	Respond to of 29986

That might be, but I haven't heard them talk that angle up much, and I see them now and again. What I hear them talking about, and what they've been talking about for years, is the market for which there is no terrestrial infrastructure in place. This isn't to say that the service providers themselves might not see what you are describing as a potential market for them, but I haven't heard Globalstar itself talk much about that. To me, that means it's not something they think will be a big money maker for them.

To: Serendipity who wrote (7596)	9/28/1999 1:46:00 AM
From: I. Luttichuys	Read Replies (1) \| Respond to of 29986

I should perhaps add that I no longer own GSTRF. I sold it a couple of months ago... I think it was 31 or 32 or somewhere around there. I did this because I generally find that when companies launch new services or products, their stocks tend to decline. People become nervous, and I imagine they'll become quite nervous about GSTRF, especially with the recent experiences of IRID and ICO available for journalists to mention in the same breath with which they mention GSTRF each and every time. It will happen with increasing frequency. There will probably be uncertainty over whether they will make subscriber numbers, etc. And of course, everytime someone in the media writes about the subject, they'll talk about how dismally IRID failed in this area. I also sold it because I felt the market would be weak in general. Nonetheless, in the end, I'll buy back in. Over the long-term, I'm guessing it will be a winner. But for the moment, I don't have much incentive to hype the thing. Just sort of discussing it with you.