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

To: donss who wrote (2000)	9/11/1998 12:40:00 AM
From: dougjn	Respond to of 29987

I think Lor is a better bet intermediate term that G. I think neither one is a good idea right now. Lots depends on the market of course. But I think all the funds that want out of both, especially Lor actually (cause its bigger cap) haven't gotten out yet. They have to leg out and they aren't finished. This could turn out to be the bottom for Lor, but I doubt it. Even if it goes up in a rally from here soon, I bet it comes down close to here. And it could well go sig. lower for a bit, esp. w/ weakness overall. I.e., I think other things are better to jump into right now to ride rallies. You've got time to get back into both. Esp. G. There is a very, very strong tendency on the Street for things that get really killed to trade lower for at least several months afterwards. Often they bounce right at first a little. But then down. THey don't always bounce. Part of the reason is that management naturally feels they want to put as positive a face as they reasonably can on the lousy news. They are counting on some iffy other things they are worried about going right. Often/usually they all don't. In G*'s case, maybe they really can't line up all those option launches they trotted out. Maybe it slips another three to six months. Maybe the ground station roll out slows down due to launch uncertainty, tight conditions in the third world, wait and see. Etc., etc. My guess only. At best I have some odds of being right. I certainly have no certainty. But I also think if you want to buy here you won't be sorry two years from now, or even one. Not at all. Doug