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


To: KyrosL who wrote (17076)9/20/2000 5:55:29 PM
From: Agenda  Read Replies (1) | Respond to of 29987
 
Message #17077 from KyrosL at Sep 20, 2000 3:51 PM
I think it is a GREAT deal.....it can do so at times when the stock is way overvalued because of short squeezes.

You might want to ponder that line of reasoning a little more. If you take it to it's logical conclusion it means the following:
1)the stock is fairly valued(bad news for current investors)
2)any increase in price is only a trading aberration
3)you will sell your stock on the squeeze
4)you will then reverse and get short
5)Bear Stearns will be selling overvalued stock(what's new?)
6)The people buying it are dumb for buying overvalued stock

Are you an investor in this company?