Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (493)	3/27/1998 1:31:00 PM
From: Dragonfly	Read Replies (1) \| Respond to of 2693

I think its because the launch is delayed. It seems whenever there is a launch pending, the anticipation drives the stock up-- people want to get in and add to their positions figuring the launch will be successful, and those already in aren't selling... so up it goes. Then after the launch, it will loose some. I'm just hoping it doesn't go below 62 or so after the launch. The opposite is happening for Globalstar-- they haven't had a launch for weeks and weeks until the next one, so they are drifting down. When they get to 63 or 64, I'll probably buy more- I expect they will have a good run up until their next launch in April. Iridium will also have a good april, as they are putting a lot of birds up, so right after this launch might be a good time to buy! I think we'll loose a little bit after the launch. Once all the launches are completed, I have no idea what the stock will do... but they (I* and G*)have followed a predictable pattern around launch (and testing) news.

To: ratan lal who wrote (493)	3/27/1998 1:37:00 PM
From: Nero	Read Replies (2) \| Respond to of 2693

Ratan, Seems to me that this is a combination of reaction to ML's target of 82 (and over $200/share by 2002) and anxious traders looking to get onboard before system startup in September. I don't see resistance until the mid-70s. Globalstar is reacting badly to the announced dumping of 1.2 million shares by Dacom. Tout warning Interesting play for those expecting Iridium to be a resounding success. U.S. Digital Communications (USDI) has Iridium's North American distribution rights and is selling for under a buck a share. No financials available. Corporate contact is elusive. But potentially alotta bang for pocket change. I found due diligence impossible, but jumped in anyway for the speculative ride. nero