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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Phil(bullrider) who wrote (2584)	9/10/1998 7:25:00 PM
From: deeno	Respond to of 4634

Acually no, I'm not a day trader. buy for long term but somewhat value/contrarian oriented and will spec from time to time. Bought LOR for the long run at around 13 Sold at 27 because I didn't like the risk/reward in the short run. Then did a little trading range because I DO like the company for the long hall. The stock was down because 12 satellites blew up yesterday that were part of Globalstar that they own about 42% of. As far as I know they have no significant part of Iridium. I was just suprised that someone would want the company because of a 2 week set back of a soon to be up and running competitve system when 12 of LOR's 56 satellites due operational some time next year, Blew up (I believe they only have 5 up and running). I know there are spares, insurance, and more launches scheduled but this seems to be a minium 6 months setback, where Iridium has the market all to itself. I like LOR and management for the very long run(CEO just bought $5,000,000 more shares) and I agree with your future of satellite comment. I'm just looking for some good reasons to buy NOW. Your thoughts are apprieciated.