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

To: Maurice Winn who wrote (16199)	8/25/2000 6:09:06 PM
From: Michaelth1	Respond to of 29987

Maurice: You're right, some clarification is in order. I said: I pretty much still think that GSTRF will trade in the 6 - 12 range for the time being (as we approach the top of that range). Similar to you, I'm not a market timer. I will put additional funds back into G* when I see that the business has turned the corner, or better yet, is approaching the corner. Those two statements (my short-term price range and when I'm buying) don't have very much to do with each other. I will buy additional G* (I still have a fair position) when I think the business shows that GSTRF will succeed (there's little doubt in my mind that the G* system will eventually succeed; I'm worried about how the current common shareholders will participate in that success). Presently, I don't think that I'll get the evidence that success will likely occur for GSTRF until at least October. If/when that happens, I'll buy more shares regardless of what the price is, 6,9,12, 20 or 30, and regardless of when I receive the evidence, August, September or January. Then I stated that if GSTRF trades back down to 6 or so, I'd probably take a flier on it since certain progress has been made since the last time it was there (and also GP's presence has made me feel good). Thanks for all your great posts and insights.