Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Globalstar Memorial Day Massacre -- Ignore unavailable to you. Want to Upgrade?

To: nzlsixty who wrote (337)	7/13/2000 6:59:07 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 543

NZL, <recycling of petrodollars - elderly folks will recall the woes from 20 years ago> The elderly bit is quite reasonable. Let's face it, anyone who can remember 20 years ago [to a time when they were already an adult] can rightfully claim to be elderly. They'd be at least 40 years old. Do you recall the petrodollar recycling woes of the late 1970s? Well, the economists worried about how the money could be 'recycled'. At the time, it struck me that if there is one thing people are good at, it's recycling money. If they don't do it, somebody else will do it for them. So it seemed silly to worry that recycling would be a problem. Even if they just hide it under the mattress, it just causes a little bit of deflation due to the contraction in money supply and Alan Green$pan would just print a bit more to replace it. Being elderly is conducive to making money [because we crusties have seen all these tricks and are not surprised by them - look at the pandemonium among the youngsters who have never seen a market crunch like the little zoom down over the past few months]. Notice how it is mostly old people who are retired. Young ones are mostly working. The trick is to be elderly, but with a 20 year old body. That's tricky, so humans have done something no other animal has achieved - live to an old age [compared with other animals] so that we get the benefit of our wisdom for a few years before, well, the inevitable. The evolutionary pressure for living a long time is quite high for beasts with brains. Not to mention the desire to do so. Meanwhile, Globalstar shorts are going to be like the fruit fly. They have one day to go. Well, it's actually too late already, because the wolf will be at the door at the open tomorrow when they show up to cover a few shorts and they get gobbled up. This is a definite manipulation of the stock and it is intended to damage Wall Street Journal.com It is possibly illegal and Dweeb should phone the SEC immediately to warn that there is a short squeeze being announced for tomorrow. This is NOT a fire drill!! FIRE!!! Mqurice PS: Yes, the $$$ were very quickly and successfully recycled - a LOT of times. With the tax departments taking a bit wolf-like bit every time there was a transaction [they want to save the world by helping with the recycling]. If anyone is having trouble recycling their $$$, whether they be petrodollars or Nasdaq dollars, just drop me a line and I'll help you out.