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


To: Dennis Roth who wrote (471)3/18/2001 4:43:31 PM
From: Maurice Winn  Read Replies (1) | Respond to of 543
 
Well Dennis, that's quite possible. I'd always said that Globalstar would goof the first year of marketing and so they did.

Okay then, in the absence of any better date, I suppose that's the most likely one for a Globalstar short squeeze. I'll buy 10 million of them a week before to get things rolling. What the heck, I might buy 100 million to get a decent number of them and really build some pressure.

Then, when they zoom up to $10 on the short squeeze, I'll be able to buy a new house, a Cessna Citation and a nice boat.

Mqurice



To: Dennis Roth who wrote (471)5/18/2001 6:16:25 PM
From: Maurice Winn  Read Replies (2) | Respond to of 543
 
Memorial Day Massacre <<TAKE 2>>

<Perhaps you got the day right but the year wrong?
72 days and counting for the Great Globalstar Memeorial Day Massacre of 2001
>

Counting down!

Shorts have been fleeing in droves. Short interest is down to 20 million compared with a peak around 35 million.

That still leaves a few ready to squeeze.

There is even more room on the upside than last year [when the squeeze was from about $10]. The downside room to move is still zero. We have 20x the upside available now - we have to multiply by 20 just to get to the previous short squeeze starting price. So we can go 20x as high as the sky.

I suppose there is the possibility that we are stuck in a singularity though and there will instead be 10x more shares issued [for creditors and new money from Q! and others]. We'll be in an incredible shrinking universe [it'll actually be us shrinking though the surroundings will appear to expand - much as the actual universe fools us into thinking it's expansionary].

Things are never as they seem.

Mqurice