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


To: Jon Koplik who wrote (342)7/14/2000 11:58:13 AM
From: Jeff Vayda  Respond to of 543
 
Might this be the first of many days to the UP side?
Short selling/account manipulation (see G* post 14631) looks like the houses are getting their money on the way up just as they have on the way down. Churn, Churn, Churn.

Jeff Vayda



To: Jon Koplik who wrote (342)7/14/2000 12:02:45 PM
From: DWB  Read Replies (1) | Respond to of 543
 
Like Maurice said, the third time is the charm... ;-)

Makes all that purchasing back around $7-$8 seem like taking candy from a baby now...

Congrats Maurice, and all our other fellow longs... let's hope this is the sustained move we've been expecting... and please don't get in the way of all the A&P shorts as they stampede for the door...

DWB
Currently up $2+



To: Jon Koplik who wrote (342)7/14/2000 3:56:52 PM
From: Maurice Winn  Read Replies (1) | Respond to of 543
 
Good morning! A grey, windy, cool winter's day here. But what a pleasant surprise to see the market manipulation has worked perfectly.

As we go into the close, the desperation will mount as people realize that there is NO shortage of funds. The system works very, very well. There are 5 billion people who will want to buy a Globalstar gadget over the next 15 years. 1 billion of those people will buy several gadgets and heaps will by one a year to stay up to date and use the various device types which will proliferate as WWeb becomes available on Globalstar.

Globalstar has access to spectrum worth $100s of billions [judging from UK auction though the NZ auction is not matching those figures]. More on Monday, with some new entrants coming in. Telecom says they have enough spectrum with their 2G bandwidth and 3G is for 'insurance'.

How did I pull it off? [The Bastille Day Globalstar Celebration]. Simple, first, lay careful, possibly illegal plans. Then, shout "Fire!" Then explain why it's going up. Then select a good day. Then get financing organized for Globalstar. Then, umm, count to ten. Then, get Carrie Lee and WSJ.com to take the bait and promote dehypothecation. Then, um, trust to luck and the workings of a free, fair, open, informed, honest, blah, blah, blah horde of maniacal gamblers to finally figure out that Globalstar really IS worth $1000 a share [NPV].

Simple really. You want one on QUALCOMM?

Mqurice