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Technology Stocks : Globalstar Memorial Day Massacre -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (403)	10/9/2000 5:53:04 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 543

The SEC was closed today, so I suppose that's why no new tranche takedown notices were filed. It seems highly likely to me that we'll find out tomorrow (well, today, your time) that G* sent a takedown notice to Bear Sterns last Thursday after the close for 470K shares that would have been sold on Friday. Today after the close, a takedown in the amount 340K shares is likely being sent, to be sold into the market tomorrow. At 7$ per share, these two sales will make about 5.6M$, leaving about 72M$ left to raise. At the current share price and market volumes, the cash proceeds from the amount of stock G* is allowed to sell under the BS agreement is not much higher than it's daily cash burn rate. So, we're not exactly building up a huge war chest with these sales. OTOH, every day that the cash depletion point is pushed back is another day in which G*'s 1600-odd resellers can gain "traction." It would seem odd, indeed, if we aren't steadily, if not quickly, building up daily MoUs and revenue. It's an interesting time: the predictable extra selling volume from the BS deal, in the absence of positive news makes this a good time for conservative shorts to cover, for others to unwind hedged positions, while the not-so-bright or greedy shorts come in late or double up. Meanwhile, long term bulls with an inclination to time the market should be putting on their running shoes, and getting warmed up, because I expect that as the BS deal nears its end (not for another couple of months probably) there will be a lot of jostling to get back into the stock at the bottom--who knows, maybe just in time for Thanksgiving!

To: Maurice Winn who wrote (403)	10/9/2000 7:55:57 PM
From: donjuan_demarco	Read Replies (1) \| Respond to of 543

What happened to the short squeeze? You guys need to take lessons from Irwin Jacobs!!!

To: Maurice Winn who wrote (403)	10/9/2000 7:57:57 PM
From: Mama Bear	Read Replies (1) \| Respond to of 543

"he was a convicted felon in 1993 " Hmm, that's innacurate. The recent jail term was for something that occurred in 1993. There's only one incident, not two as you seem to think. If I understand you correctly, this incident means that GSTRF is obviously a good buy since a convicted felon thinks it's not? If that's not what you think, what's the point of bringing it up? "Mama Bear - a surprising cult member given alleged Libertarian belief system though some Libs do have some cult-like attitudes such as gross denigration of others." This from a fellow who writes a novella about other folks because someone doesn't like his favorite stock. LOL. Are you sure you're not accidently looking in the mirror and mistaking yourself for me? Really Maurice, you should try to come up with something original. Attacking those that don't like your pet stock won't make it any more of a buy, but at least if you're original it might be amusing. Regards, Barb

To: Maurice Winn who wrote (403)	10/9/2000 8:06:01 PM
From: Agenda	Read Replies (1) \| Respond to of 543

Does this mean I won't be your higher power?

To: Maurice Winn who wrote (403)	10/10/2000 9:26:32 AM
From: HairBall	Read Replies (1) \| Respond to of 543

Maurice Winn: I saw collectivist, follow-the-leader, Moonie-type cult behavior......LG - a normally reasonable sounding person but TA mysticism gives the lie to that. I am not now nor have I never been a member of A@P's private trading room, nor am I a member of any cult. Not that A&P and his group are a cult. Frankly, I respect Anthony's abilities as should you....really! To say that anyone that uses technical analysis is not reasonable is just laughable. The first post you made to me and about me on the QCOM thread, I found a little amusing because it was well worded. However, I now see your rants reveal someone with little more to offer the SI community than well-worded flames... LG