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


To: Richard Belanger who wrote (446)11/29/2000 2:55:54 PM
From: Maurice Winn  Respond to of 543
 
<A study of the Iridium satellite reentries, Johnson said, show they are within a NASA and U.S. government standard of acceptable risk. That is, there is a one in 10,000 chance of anybody being hurt on the ground by a falling Iridium spacecraft, he said.>

I think "being hurt" means being killed. Well, with a bit of luck, it might be a leg impact or injury from flying debris, but let's go with 'killed'.

That means somebody is going to be killed by this particular Iridium satellite. If one person gets killed, that means it could get several. Or even 100,000 if it lands in the middle of a Chernobyl reactor.

As people who have suffered the consequences of ridiculously low probabilities know, the world is made up of probabilities of 0 or 1. Yes, I know the quantum mechanics theorists think there is randomness in vibrating strings, jiggling away flat out, a petatrillion random variations a 'second' with all states existing simultaneously, but I'm with Einstein 'God doesn't play dice'. I like to write 'petatrillions' and I think it's okay here.

Somebody is going to be crashed in the head, or they are not.

People think 1:10,000 is not at all likely. They used to say the probability of a nuclear reactor killing people was 1:10,000 years, which seemed absurd because wars have been known to happen more often than that and power stations are often targets in such conflicts. I cannot imagine any nuclear power reactor going 10,000 years without being broken, deliberately attacked or otherwise having a Chernobyl effect. That shows that trusting 'experts' who are caring about us is stupid.

Check out Mad Cow disease, now rampant in Europe. "Don't worry your pretty heads" was the soothing comment from those on high. Any person on high saying "Don't panic" or "Stay Calm" or "There's nothing to worry about" should be taken as ringing a great big air-raid warning. I'd like to see them with a dose of Chernobylidium, with CJD dissolving their brain when an Iridium satellite arrives through the roof.

Every second of every day, we experience absurd improbabilities. Imagine the improbability of our own DNA strands making it through the last million years and ending up looking at these words. Boo! How can your DNA know that it sees "Boo!" anyway? It's quite smart. That DNA had a probability of 1, despite the vast odds against it and the proof is that there it is, saying "I am!"

It would be ironical if the Iridium satellite crashed into the Globalstar GOCC or killed Bernie Schwartz. Or me [I will duck and cover so it will not get me unless it is very cunning].

space.com

< Lessons learned

The Iridium story is one of good news and bad, said Carissa Bryce Christensen, space industry consultant, currently working with Futron Corporation in Bethesda, Maryland.

"Iridium achieved some remarkable things. It’s easy to forget that in light of what’s going on now," Christensen said.

The aerospace consultant said that the raising of billions of dollars, the technical know-how in building and operating the Iridium constellation, was extraordinary.

"What they didn’t do was to focus on, analyze and pay attention to the market they could serve," Christensen said. "Iridium had a series of major accomplishments along with some extraordinary failures. Why they failed is baffling," she said.
>

What is baffling is that Globalstar boasted about how they would learn from Iridium. Then totally failed to demonstrate that they learned anything at all. They are to this day charging people $3 a minute and heaps for the phones, monthly bills, signing up fees, add-ons, car kits, roaming fees, long-distance, random exchange rate additions and extra for above and beyond service. They seem to be puzzled as to why they are failing.

Anyway, I do not like bad luck. It is not a random event. Globalstar is making their own bad luck and using Iridium as a model for how to do it. It is hard to believe how long it has taken them to figure out what the main problem is. They should have started cheap and worked their way up. If they had done that, there would now be 500,000 phones in service.

Actually, I got sidetracked.

I'll reply in the next post.

Mqurice



To: Richard Belanger who wrote (446)11/29/2000 3:06:23 PM
From: Maurice Winn  Read Replies (1) | Respond to of 543
 
Rich, I surrendered on having a short squeeze. But you reminding me of the St Valentine's Day Massacre and reading the story has made me think that you are right.

It has some elements similar to Globalstar. So, let's arrange a vast conspiracy to defraud Carrie Lee and the Wall Street Journal and the SEC [okay Bill McDonald, you can be defrauded too] by causing a short massacre on Valentines Day.

So, 14th February 2001 it is!

crimelibrary.com

That's into the new millennium [the real one] and quite an appropriate date. Y2K was supposed to be a glitch year and it sure was.

It's quite a story. I love the "Nobody shot me" comment. That must be one of the great lines of history.

<McGurn's plan was a creative one. He had a bootlegger lure the Moran gang to a garage to buy some very good whiskey at an extremely attractive price. The delivery was to be made at 10:30 A.M. on Thursday, February 14. McGurn's men would be waiting for them, dressed in stolen police uniforms and trench coats as though they were staging a raid.

McGurn, like Capone, wanted to be far away from the scene of the crime so he took his girlfriend and checked into a hotel. Establishing an airtight alibi was uppermost in his mind.

At the garage, the Keywells spotted a man who looked like Bugs Moran . The assassination squad got into their police uniforms and drove over to the garage in their stolen police car. Playing their part as police raiders to the hilt, McGurn's men went into the garage and found seven men, including the Gusenberg brothers who had tried to murder McGurn.

The bootleggers, caught in the act, did what they were told: they lined up against the wall obediently. The four men in police uniforms took the bootleggers' guns and opened fire with two machine guns, a sawed-off shotgun and a .45. The men slumped to the floor dead, except for Frank Gusenberg who was still breathing.

To further perpetuate this charade, the two "policemen" in trench coats put up their hands and marched out of the garage in front of the two uniformed policemen. Anyone who watched this show believed that two bootleggers in trench coats had been arrested by two policemen. The four assassins left in the stolen police car.

St. Valentine's Day Massacre
(Chicago Historical Society)

It was a brilliant plan and it was brilliantly executed except for one small detail --the target of the entire plan, Bugs Moran, was not among the men executed. Moran was late to the meeting, seeing the police car pulling up just as he neared the garage. Moran took off, not wanting to be caught up in the raid.

Soon real policemen came to the garage and saw Gusenberg, dying from twenty-two bullet wounds, on the floor.

"Who shot you?" Sergeant Sweeney asked him.


"Machine Gun" Jack McGurn with Louise Rolfe, the "blond alibi" (Graham)

"No one --nobody shot me," whispered Gusenberg. His refusal to implicate his executioners continued until his death a short time later.
>

Mqurice

PS: The original short squeeze was supposed to include sales of Globalstar phones and minutes taking off but Globalstar couldn't keep their end of the bargain. They should be getting it right by Feb. The shorts will be totally lulled into a false sense of security by now. Come on you shorts, there's really cheap whiskey here...



To: Richard Belanger who wrote (446)2/4/2001 5:22:18 AM
From: Maurice Winn  Read Replies (1) | Respond to of 543
 
Rich, it's nearly Valentine's Day and Globalstar is so low now it's primed for one of the great short squeezes in human history. It will be a 20 bagger just to get back to the original short squeeze price of $10. To reach the all-time peak of $53, we now need a 100 bagger.

That makes it all the more exciting!

Some would say improbable, but they don't understand that the world is made up of probabilities of zero or one and Globalstar's success is a one.

Just over a week to go.

Mqurice