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

To: leo_bloom who wrote (10597)	3/7/2000 7:15:00 PM
From: Bill Fischofer	Respond to of 29987

The key is timeframe The market these days is obsessed with the here and now. There is no patience for anything. "Long term" thinking varies from a week to perhaps a quarter at the outside. The patient investor can use this particular mania by simply adjusting one's timeframe and expectations accordingly. G* is an good example of this phenomenon. It is a quintessential long-term play which is being sideswiped by a short-term market. Under such circumstances the patient investor has a huge edge by being able to slowly accumulate amid the impatience. The key is to not be leveraged to G's near-term performance because those expecting short-term riches will likely continue to be disappointed. G is a 21st century stock and we still have close to ten months to go before that century begins. And the real returns won't start to show themselves for another 2-3 years. Call me old fashioned, but this is what was used to be called investing. I've personally started to accumulate here, picking up an initial LOR position today (LOR owns 45% of G* which basically means you're either getting its G* interest for free or the rest of LOR's operations for free at these levels). I fully expect to be able to increase this position as well as to supplement it with GSTRF shares as "hot money" looks elsewhere in the months ahead. BS was very clear in the most recent conference call that G* won't have any real data on MOUs or hard rollout results until the June quarter this year. Global projects simply don't unfold on the weekly timetable that today's impatient money demands. But these projects entail enormous barriers to entry which gives those who are willing to go the distance an enduring advantage which will pay superior returns for many years to come. G* has incurred the expenses, they have built the system and the bulk of the infrastructure. These last impatient months just before real operational results start to flow is the ideal time to be buying for the long haul. Count me in.

To: leo_bloom who wrote (10597)	3/7/2000 7:18:00 PM
From: TMann	Respond to of 29987

Well, well, well fellow G/LOR shareholders, looks like we're getting our heads handed to us. Although disappointed I'm not surprised. I think the best we can hope for is flat for the next 6 months. I expect the initial demand # to be discouraging and the rollout to be slower and more meager than expected. Incentives will be offered but will not improve Wallstreets perception since profits will pushed out. I remember the same thing happened to DISH in '96 and '97 during their rollout. Charlie Ergen decided to subsidize equip to stimulate demand at the sacrifice of profits. THe model seems to be working great. The difference with G however is the market is smaller (8 million subs) and is hostage to Service providers for pricing/marketing. Also the DISH market was already established with cable and DirectTV, so offering a substitute product priced attractively had little demand risk. I'm not sure how Bernies going to pull this one out of his hat. Expect the stock in the high teens in April and possibly mid teens by May. Hang on for a rough ride!!!