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

To: Ilaine who wrote (12709)	5/12/2000 7:32:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 29986

<why don't you consider people who buy puts and/or sell short to be "investors?" > Because I didn't understand the correct meaning of 'investors' which I thought of as people who put money into a business or asset producing goods and services and then collect revenue and profit from people who choose to buy those goods and services. According to my dictionary, investing is putting money into something with the intention of making a profit. So I guess betting on racehorses, or number 23 at a Casino or buying a gun to rob a bank, buying and selling drugs or maybe even taking out a contract on somebody's life to collect insurance all come into the broad definition of 'invest'. Speculators, shorts, puts, calls, leveraged etc etc are therefore all investors too. The definition doesn't mention that an enterprise need be legal, the revenue providers voluntary, or anything else. So I guess I'm wrong and speculators, shorts etc are subsets of investors and people who buy puts and/or sell short are investors too. Thanks for correcting me. But whatever the definition, my intention was not to hurt investors. If you paddle down the GGMDM stream, you'll see me explicitly stating that shorts have got time to cover and indeed that they are likely to be the main profiteers on any upward price move as their business is buying and selling fluctuations [for the most part judging from their ignorant comments about Globalstar]. So the WSJ claim that part of my intention was to hurt investors [shorts] is simply untrue. People do need to actually read words - which might or might not be correctly used...at least I got an apostrophe in the right place the other day. Sure I used purple prose about massacres etc, but that is just a way of making people aware of the situation. I think it worked. [Now I better check what purple prose is] After today, it would be pretty tough for any short to whine that they had to buy in at an exaggerated price due to WSJ and SI manipulations of the stock price. The information is about as public as it can be. Maurice