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

To: djane who wrote (7616)	9/28/1999 12:00:00 PM
From: Sawtooth	Respond to of 29987

<< Could see more quarter-end selling >> Thanks, djane. With so much going on I (temporarily) forgot about that. Helps add perspective. I'm (obviously) not a trader. Best.

To: djane who wrote (7616)	9/28/1999 1:03:00 PM
From: limtex	Read Replies (1) \| Respond to of 29987

TimA - I'm not sure its quarter end selling. This looks to me like a plain vanilla market crash. Lack of any serious buying iunterest combined with wave after wave and day after day of market downs eventually tells on all but the most obstinate investors. Funny we have been through and seen off:- the Presidents impeachment the Asia crisis the Russian meltdown the Chinese devaluation that never was the Brazilian devaluation that was worries about non-existent inflation ** worries about a European recovery that never quite happened And more. Now it looks like consumer confidence is falling which in the real world would be a bad sign for business but in this crazy market should have been seen as a good sign since it might convince Mr G that he doesn't need to put up interest rates. But now I guess the worry is that maybe he won't be convinced indeed he will never be convinced until the market has had a good old fashioned crash like he is used to. So since I doubt we can rely on Mr Greenspan to LOWER interest rates to prevent a crash there is nothing in the World to stop the market from heading relentlessly towards 8,000 and something. G* is still great but the old bull market is now clearly dead and the market is what its all about in the end. Best regards, L