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

To: Timothy R. Tierney who wrote (4958)	5/31/1999 12:08:00 PM
From: Jim Parkinson	Respond to of 29987

I couldn't agree more. TA is voodoo. Would you rather have owned G* at 23 when it was under "accumulation" or at 17 when it is under "distribution?" This is one of the few markets where the crowd wants to buy expensive stocks rather than bargains. I agree that the fundamentals win out in the end. Frankly, in a year I don't think it will matter a whole heck of a lot if one bought at 17 or 23. I think we will see a lot higher price then. RMiethe, that piece from the Australian was an excellent fundamental analysis. Thanks for posting it.