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

To: Sawtooth who wrote (3667)	3/31/1999 5:28:00 PM
From: Dave Carlton	Read Replies (1) \| Respond to of 29987

My frustration is as great as anyone's as I watch my three year investment in LOR and two year investment in GSTRF languish. Certainly we have every reason to hope that the stocks will move as we approach and pass through September and the start of operations which will prove that there is a demand for G* if not for IRID. But the handwringing seems to be overdone and the slippage of the last week was somewhat foreseeable. Today is the end of the quarter, and every mutual fund that has held GSTRF has probably wanted to dump it for quarter-end window-dressing so that shareholders would not be alarmed. The news on IRID is now fully out (it can't get much worse), and the mutual funds have pretty clearly dumped there shares. I wouldn't be terribly surprised to see the stock moving up over the next week as fund managers start to buy back in. People like to refer to QCOM as a model. Well, just look at QCOM. It had a tough year in 98. During the December and toward the last week the price slid further and closed on December 31 at 51 13/16. But during the first week of 99, managers bought back in and the price started to climb. Maybe it wasn't the rocket ride we QCOM holders have had the past three weeks, but the stock made it back to 60 in pretty quick time. I am looking (hoping?) for some upward movement starting - - - now?