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

To: Badshah J.Wazir who wrote (17554)	10/2/2000 9:32:29 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

Quite right Badshah [that Globalstar figured they were on a No-Brainer cakewalk]. A peculiar characteristic of people is that they refuse to recognize they were wrong and change in response to revised facts. It's called cognitive dissonance [the idea and reality don't match]. Many people would rather die, literally, than accept that they were wrong. Globalstar is struggling with the lack of demand and have spent a year now, trying to adapt to the new reality that there is NOT a huge clamouring demand for their product and service. They fear that they will be seen to have been wrong. Well, the short interest means that they are the last to figure it out! Some of we longs knew it a couple of years ago and might finally be going to see a promotion along the lines of what should have been on offer a year ago. Jim Parkinson thinks I might be pleasantly surprised with a new promotion. I suspect I'll think "Oh well, at least they are still moving slowly in the right direction". GlobalstarUSA seems to be the best of the marketers - where are Mexico, Russia, Brazil, Australia, China etc? Those are supposed to be the bigger markets. Maybe GlobalstarUSA can line up ready to take over the other service providers when they fail their contractual terms. Mqurice