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.

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

To: Jeff Vayda who wrote (1357)	6/18/1998 11:20:00 AM
From: Jim Parkinson	Read Replies (1) \| Respond to of 29987

I hope you are right about the long-termers staying in and not doing any more buying. That is probably correct. It is somewhat concerning, however, to watch it break the 28 support level because the next one is all the way down to 22 I believe. There is also some large blocks trading i.e. 10,000 just few mins ago (10:40 EST. As a a long-termer, I have been here before and watched this stock drop and , as you point out, when it goes back up, it goes up in a hurry. We are under a Zenit cloud and will be until we get a positive launch. It also appears that G* & I* are joined at the hip so it seems to be a sector thing. I do wish the company would say something more about the launch delay. I don't know what but just something stabalizing assuming there is something stabalizing to say. Loral starts their road show tomarrow on the 20 mil new offering so they no doubt will have to say something then.