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

To: dougjn who wrote (1991)	9/13/1998 6:40:00 PM
From: Dragonfly	Read Replies (1) \| Respond to of 29987

Well, I don't feel so bad for worrying so much about launch failures earlier this summer (once Valueman corrected my blase attitude). I bought both G* put and call options, and boy are those puts in the money now. ii) a raging bull market psychology returns. Since I don't expect ii) for six months at the absolute best I expect about 9 months from now, the market is going to realize how much of a disaster January, 2000 is going to be. I've been off on vacation for the last 2 months (4 more to go!) but I've been checking in with software developers in various industries-- the Y2K problem has been getting lip service and in 1999, when people start to realize that it is serious, it will be too late. Particularly in the railroad and electric power industries-- very slow to do anything, and yet, both industries rely on huge networks of embedded switches that have to know the date (train schedules and to watch duty cycles) If the electric grid goes down in 2 regions, it will take all the others with them (little excess capacity), and when we can't get fuel to our power centers (cause the railroads don't have electricity to re-program their computers), we have a chicken and egg problem. Nobody has anywhere close to the manpower to go out and manually switch the switches. Especially in the middle of a full scale panic. But enough sounding like Chicken Little. Anyone know how to buy put options on the DJIA? Dragonfly