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

To: Dave Bregman who wrote (17817)	10/9/2000 5:12:02 AM
From: Yamakita	Respond to of 29987

I couldn't agree more. I am not aware of a better speculative play on any exchange as far as risk/reward goes. I don't think that investors should consider GSTRF a core holding, but as a speculative play it is unmatched. I'm very comfortable with it at 7 percent of several ports, all in the form of 2003 leaps. The leaps make infinitely more sense than the common to me: if it does go bankrupt--and the market today has priced it for BK--you lose 100% of your investment with both common and leaps, but if it does what Gilder, Powers, and many others think it will, the leaps will be 20-baggers at a minimum, probably much more. Way better reward than common, same risk. (that is to say, if it does go belly up, it will do so long before 2003. It'll either fly by then or it won't.) The only argument I can think of for holding the common is for VeryLTB&H, way past 2003. But if I was in that camp, I'd be buying common as it went "asymptotically" up (as we got irrefutable proof that it was going to make its shareholders piles of dosh, to steal a phrase from Mqurice), not now. Now's the time for leaps. I think people are counting out Mr. Jacobs way too early. There's a reason he gave exclusive cdma rights to G. It's going to work. It's just going to take longer than next-quarter-obsessed analysts would like it to. I suspect we'll know by early next year. The turnaround in sentiment will be fast and furious. Wall Street is actually proud of its lack of institutional memory.