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

To: Valueman who wrote (2045)	9/14/1998 1:17:00 AM
From: Bernard Levy	Read Replies (1) \| Respond to of 29987

Hi Valueman I apologize for my sloppy research-- I guess Yahoo's numbers are worthless. However, let me pursue more my argument: on the day after the crash, LOR corrected by approximately $5 1/2 and GSTRF by approximately $7 1/2. If I remember correctly your analysis, there is about 1/3rd of a GSTRF share in each LOR share. So, assuming LOR's decline was entirely GSTRF related, if GSTRF had declined in the same proportion as LOR, it should have declined by more than $16. What the market did was to mark down GSTRF to zero on LOR's balance sheets! So, either LOR overcorrected, or GSTRF undercorrected, or both (my interpretation). In any case, this clearly demonstrates that LOR is a better buy at this point. Best regards, Bernard Levy