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

To: Geoff Goodfellow who wrote (21168)	1/16/2001 3:07:27 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 29987

<Generally in the stock market game it's a good idea to not to buy when you think they will fail, or SELL if you own a stock and change your mind to think they will fail sometime after you thought they were gonna succeed. or, better yet SELL SHORT (as i did) and profit from their coming failure. then, when you recognize them doing things that give you warm fuzzys of pending future success, then you BUY....> True, but the net present value I saw at $30 was huge. So I depended on somebody silly selling to me. Because I lacked the warm fuzzies and because I thought it would take them a year to figure out what they were doing wrong and get things really humming, I waited until people were selling at $15, when they too realized things were NOT going well with the slow, careful rollout which people in SI thought such a good idea,. $15 seemed so cheap and Globalstar and investors were by then well aware that things were not all hunky dory, so I needed to beat any change they made in their marketing. Which, I thought, they could actually do at any time and catch me not holding much stock. Which would not have been good. I didn't think they would fail this much. I thought they'd fail and change after maybe 3 months of failing. To take a year and still be doing nearly nothing to match minute pricing to demand is simple insane. The stock market is a predictive mechanism. Those who see ahead through the fog get the big rewards. When everything is going well, anyone can see that it's successful and the price will reflect that very quickly. It's too late to climb on the bandwagon AFTER the success. I am amazed at how obdurate, obstinate, slow-acting, and perhaps plain stupid the marketing people have been. Which means my judgement of them was really bad. Which means my failure as an investor is as bad as their failure as marketers. I am being Winnowed! Mqurice PS: Here we are a year later and still no humming!