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

To: Bernard Levy who wrote (2029)	9/12/1998 6:18:00 PM
From: JMD	Read Replies (2) \| Respond to of 29987

Doug, Bernard--glad to see you folks picking right up on zebraspot's call for a little less 'irrational exuberance' on this thread. Yikes, so you guys are in the single digit territory, and not even high singles? I ain't smart enough to pick a fight with both you guys at once, but what would your response be if, let's just say, there was heavy insider buying on Friday? Isn't $10/share fairly disastrous already? You don't have to convince me that blowing up 12 birds and incurring a 4,5,6 month delay in start of service together with an attendant 1/2 billion dollar cost is bad news. I'm way on board with that. This was one major bummer, no argument. Launch vehicle reliability has resurfaced in a big way for the whole industry--the risks with the current generation of launchers seems higher than what everyone--including Bernard Schwartz--believed. Then, we've got the Leonid shower in November which if nothing else will be a negative PR event for satellites. So it's not like I'm a wild-eyed optimist. But you have to be awfully certain that you can sell at 10 or 11 in order to buy back in at 5 or 6. You know I think you are both smart hombres, make your case for 5 or 6. [plus this way I absolutely KNOW Maurice will go wild] :-) Best, Mike Doyle