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

To: CommSatMan who wrote (4916)	5/27/1999 11:34:00 AM
From: Goodboy	Respond to of 29987

I appreciate your thoughts. I do however believe that Globalstar will overcome the "usage & instructional" issues better than Iridium (unless they are stupid and I don't think that is the case). Their are still more launches, their are still more financings, their are still more developments to come with Iridium and their are still issues surrounding demand (real or percieved). Add in the potential that at any given time over the next 6 months we could enter a market slide as big or greater than the current move and my prediction has a rather high probability of occurring. I commend the traders who wisely bought (I didn't because I am not a trader per se) in the $10 to $12 area and rode it above $20. As I stated a few weeks ago, I felt you should have been hitting the bid (or hit it if it gets back above $20 near term) above the $21 plus area. I think the investors here will see a round trip back into the low teens or lower. That is not good news if you think I am right. However, I am longer term bullish on Globalstar and I do think that 18 months from now people will look back and it won't much have mattered if you bought at $18 or at $8. Maybe I am being to cute, but this is how I am going to play it. For the institutional crowd, I think the bonds will make a great play. Things will get worse for sat land overall by year end. The sat golden years are likely to start sometime toward the end of 2000. Between now and then, there will be more pain than gain in many of the larger sat manufacturers and operators (launch and in-orbit failures, increasing insurance premiums, less access to capital, etc). You really have to pick your spots and your timing to make profits near term in my opinion. The only easy money has been Echostar, PGTV and to some degree GMH. I assume, but don't profess any particular knowledge, that Loral will also be a screaming buy as it is also declining in tandem with Globalstar. Thanks.