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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: donss who wrote (4381)	8/28/1998 12:45:00 PM
From: Geoff	Read Replies (2) \| Respond to of 10852

Don, I share you sentiments, however, it seems that technicals have nothing to do with what's going on. People are converting securities to cash and waiting, period. No one wants to be in stocks that are as vulnerable as satellites to these world-wide political and economic gyrations. Personally, I hope that I get the 2001s, and have faith that by then this will all be behind us, and LOR should have many birds in the air. I think the selling is overdone, but since I am not a money manager or fund manager, my opinion does not matter. However, I do know a good thing when I see it, and averaging my costs down, when I have a time horizon of 30+ years, on stocks I believe have intrinsic values above their current market prices seems like a good idea to me. I have just cut my average cost/share in G* in half! I still believe that the G* biz plan is sound, it is the delay in execution that is the problem. Thus the punishment by Wall Street continues.