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

To: brian h who wrote (2875)	2/8/1999 11:49:00 PM
From: Joe Brown	Read Replies (2) \| Respond to of 29987

My colleagues and I often play the "What would surprise you the most?"-game to figure out how the stock market will respond to various events. Given the assumed success of this Soyuz launch, the above game offers this clue as to what will happen next: A successful launch and deployment triggers a rally tomorrow morning in the stock (which will be short covering), followed by the realization that several more successful Soyuz missions must take place before the first Delta II mission. Result? Profit-taking shortly after the rally...if not the same day, then the next day. All one need do is look at the history of Iridium stock during the constellation deployment stage to see that there came a point where successful launches meant nothing to the stock price. I don't mean to throw cold water on the proceedings, but it's a long way from launch to revenue, as Iridium shareholders know.