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Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: 90L43G6 who wrote (1660)	4/23/1999 10:26:00 PM
From: Herc	Read Replies (2) \| Respond to of 2693

Does anyone on the thread know what their satellites can do? Is it just relaying voice communication from cell phones or are there other potentials which they can market? Also they could come down on the toll for their phones.

To: 90L43G6 who wrote (1660)	4/23/1999 10:29:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 2693

The TA contines to show that there is potential. This is the right hand shoulder of the bottom pretty much where it would be expected. Note that the stock did not crash below the previous low on this news. I bought back in there. As all the TA texts show there is no guarantee that this move plays out until the price is above the neckline of the inverted head and shoulders. And even then we are talking probabilties rather than any certainty. So I have a stop in place (above my buy in below current price). I won't be surprised if it doesn't go to 25 bucks now but will not be at all surprised if it does. The question then is whether it will stay there or above. Given the fundamentals it doesn't look like it BWDIK. David

To: 90L43G6 who wrote (1660)	4/25/1999 3:31:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 2693

<<Why did Mr. Stiano reach deep into his pocket and pull out over a half a million dollars this past March to watch it get flushed down the toilet. ... The only reason insiders buy is to MAKE MONEY.>> Well, sometimes. And, sometimes, they buy on their own initiative to demonstrate commitment to the company and faith in the business plan. And, sometimes, they buy because they are receiving pressure from others to put their money where their mouth is. A half a mill is a lot of money but I doubt it's a make-it-or-break-it for Staiano (what was his annual salary plus bonus?). JMO. ...Tim