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

To: Boplicity who wrote (15843)	8/17/2000 5:01:45 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

<What do you think it will take to get the street interested again? In other words, when do you expect a return on the your investment dollar and time spent to boot?> Birdy, when minute sales climb up the hockey stick enough to make it look as though there will be a return on investment is when serious institutional investors who deal in things without the need for imagination will get serious. I guess that would not be until next March or June. They will get more serious when Globalstar becomes part of the S&P 500. I suppose that will be in 2002 or perhaps 2003 sometime. Before then, shorts will cover as they get nervous seeing no continuing decline and their money looks dead at best and in a very risky position. That will give an initial flurry back up to the $40 range, or maybe spectacularly, given the extreme short interest and the huge potential profit, up to the $100 level. Once shareholders get wind of success, they are NOT going to be keen to sell when they figure that the stock could make QUALCOMM's 1999 gains look trivial. This will happen on Thanksgiving Day, provided no smart alecks jump the gun and grab a load of stock ahead of others. There are always a few greedies in the stock market who like to disobey the stock price manipulation plans. Since I bought my stock in 1995 at $3 split-adjusted, [the all-time low] I've enjoyed a very nice return on investment even at today's price of $8. But I will admit to getting greedy and borrowing a bunch of Alan Green$pan's freshly minted $$ to buy a great big Tonka Truck full at what seemed a very cheap price of $15. I figured that it might drop to $10 after that, but didn't imagine $6!!!! I didn't want to miss out on the chance to get a whole bunch more during the slow rollout. So I'm underwater overall on G! but not too much. Well, quite much really. But $8 versus my average $13 isn't the end of the world when I figure the stock is worth, right now, more like $200. If sales figures start doing what I expect they'll do, $200 won't last long as my sell price. I'll be wanting that elusive $1000 figure. Now you mention it, I've put a LOT of time into this! But as G! cruises through $20, I won't think my hourly rate is too bad [not that I've figured out a rate or anything]. That's the short version. Gregg Powers' comments will give a lot of comfort to a lot of people. Maybe even a bit of buying [and not selling]. His comments won't increase minute sales though, so we still have to wait for that to happen. [Except that if people think it's not going broke they will buy more readily]. Mqurice PS: I might get a return on investment as early as tomorrow! There won't be anyone calling "All Aboard!" before the rocket finally lifts off. Then again, why not? It might as well be me. Okay, here goes: Ding-dong, ding-dong.....tooooooot... *A L L . . . . A B O A R D*