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NYSE listing was good for GSAT, but it did come with some drawbacks. There are too many people buying put options which gets me aggravated .
It upsets me that they smashed the core satellite business also. Jay Monroe said today they have a global costumer base and its growing. I know of two other global phone companies, so the competition is not that bad in this market. The conference call was very good IMO. The core business has value. TLPS is icing on the cake. Satellites are very expensive. The two other sat companies went bankrupt also before turning things around. Kerrisdale did not mention that. Jay Monroe said he would buy more stock if he were allowed to. He seemed like he was 100% committed to building this business. I don't know what the future holds for GSAT. But Jay monroe said "Now is not the time to bet against Globalstar."
Can you tell me how this guy is planning to come out on top? Like how does it all work? He did not disclose how much money he is shorting. When does he have to cover if he has to? How can we find out? So say he has to cover at $5.00, would that mean a big squeeze if FCC approves and this moves up fast? Can we know what price he will have to cover? I am trying to understand this.
Well spoken!
Cramer was talking today about the lackluster SEC and how they are allowing shorts to drive markets down even farther on down days. I can't explain everything he said, but his position is strongly against people who short stock. Cramer talks so fast i can only gather so much info....
A very good rebuttal - http://www.valuewalk.com/2014/10/kerrisdales-globalstar-inc-gsat/
Premarket price of $2.60 on market watch. Thats good. This is setting up to be the biggest short squeeze of all time!!! Cant wait until november!!! Crush their balls! GO GSAT BULLS! LONG!
Eeeeshhhhh!!! Sonny, who you calling and old geezer???
Question is why does it keep plummeting. It has a Z score of 177 "SAFE". I have been in and out of the cornerstone funds for a few years. Im currently holding this one. I got 1,369 at $4.38 so i am under a bit. I did not know about buying these closed end funds at a discount. Now i know and i will be smarter about it. $3.90 would have been a good buy. I think the current NAV is $4.08 for CFP, so it isn't that bad os a premium. We are talking less than 1%.
I can't stand people that short stock. It should be illegal IMO. I hope we crush them!
PRICE OBJECTIVE OF $13.00! On this point and figure chart -
http://stockcharts.com/freecharts/gallery.html?GSAT
Looks like the old wild west days are back for FNMA! I can't trade this i have too many wash sales. Maybe i see about FMCC.....
im guessing thats the time that the news came out it was GOPRO Not GSAT that kerrisdale is going to short.
Happy to say I'm back in ! 4,000 shares @3.25. Will consider buying more if it tests $2.69. I am still upset with myself for getting shaken out on the false rumor. I work for a commercial printing company and we are doing a lot of printing for Globalstar. This is a good company. We put together a lot of set ups, like little displays with their sat phones and devices and stuff like that.
Single Stock Trading Pause in Effect
Trading has been paused by NASDAQ due to a 10% or more price move in the security in a five-minute period.
I am very disappointed to see this happen to this stock. I did not want to sell this, but todays action triggered many stop losses. I am angry because this was not supposed to happen. I always liked GSAT not only for it being a legitimate business, but it was not a wild west trading stock. It didn't seem to give back gains. Im pissed off. I did not want to sell this stock.
I like that! Good numbers. Im long GSAT. I mean Lonnnnngggg!
Back to where i sold last november!
I thought if it broke above the $2.65 resistance we would see another run. So much for that now I'm trapped at $2.80. Not good. I guess the volume wasn't quite there.
The pattern is getting very tight also!
NEVER!!!
Wash sales are for tax purposes only? I had two small loosing trades on FNMA and now it always links them to my unrealized gains/loss. If i got back in at $4.25 it is showing and average price of $4.47. However the market value of my position seems correct. I don't understand why loosing trades are averaging the buy price up.
FCEL looks like a similar FNMA chart. If you like to trade.
I hope it could be a near event. That settlement with the plaintiffs would have a huge impact on the price. Could we possibly open up at $20.00 one morning? I don't understand the Money Flow Index. Why is it above 80? Is that bad?
How the hell is the MFI over 80 right now?
Yeah its a good opportunity to hit it out the park on this one. I had 18 grand of this at 1.36 and 2.40 about 9300 shares last may. Well me being a novice, saw this stock run to over $5 in a matter of days. i remember coming home the day after memorial day and seeing that i made $10,000 in one day. I was like WOW!! But unfortunately i did not sell, slept late the next day and by the time i got up it was all over.... what a waste. I could have bagged $35,000 in 4 days. Has there ever been a better run???? I could have sold and got back in at 1.10. If i was smart i could be sitting on $177,291.00 right now!!!! Oh well. That would have been nice. I know i will kick myself when this opens up at $20.00 one morning out of the blue!!! HA
Globalstar has gone from .57 cents in august to $4.46 as of thursday. I used to be completely invested in FNMA. I was really optimistic, but my sentiment has changed. I have been studying stock charts with golden crosses and FNMA indeed has one, so the chart is very promising. Im not saying i won't get in again.
My advice is sell your shares and get into something else until this thing starts another confirmed uptrend. Many people here are hoping on a wing and a prayer that this will someday be worth a fortune, and it very well could be, however in my opinion, its gonna be longer than they expect. There are many things to work out with this stock, and its tied to politics. I made money on it. There are people here that have been adding since .22 cents. This is a run stock. You get some really good runs and then a crash. And then boringness until the next good news comes out. I do like FNMA, however it does gain a lot of value quickly but gives much of it back quickly. There are other stocks that are tending up slower but steadier and not giving back ground. The last run pissed me off cause i could have doubled my money but i did not sell over $6.00. I would be willing to bet that whole set up happens again and again for the next few years. If you look around you could find other multi bagger stocks with better charts (not such wild swings) in the $4.00 price range. All in all we all want to get rich quick. Unfortunately, get rich quick doesn't exist.
This stock aint doing jack! I hope we get another run soon.
http://video.cnbc.com/gallery/?video=3000288946
Cramer is pumping!!!!!! Yesssss!!!
Yes, i like this stock! I was going to get this one or SQNM, a genetics company . They don't have a dividend yet though. Globalstar is doing quite well. I have watched it from .57 cents. They are a satellite company providing global phones and hopefully satellite wifi to run the everyday cell phone usage. I work for a commercial printing company and we are doing a lot of printing for them si i purchased a good bit of the stock. Oh yeah, the russell 2000 index just added 31 million shares of GSAT.
I saw you on the Fannie Mae board. I sold that position for now and got into this. Nice dividend and looks like some growth. There are so many opportunities to invest, i got aggravated with FNMA. It will probably work out fine but i don't know the time frame. It could be another 5 years before we have an outcome. I know their are many people hoping and wishing for that court decision, but they way i see it is there is just too many other opportunities for multi bagger stocks than FNMA. I have almost 1 bag on GSAT. All this is my opinion. Peace!
A buy or a sell??
I'll take a vacation also. I'll get back in when the shorts are finished driving the price down.
This trash is starting to look like the titanic! Slowly sinking! I jumped off yesterday at $3.90. Will she sink, or can the bulls bail her out? Time will tell....
I doubt it.
Its gonna take some volume to get that price back. A good day of 50 million shares could get us started.
Sometimes i see that on different candlestick charts, like one time the candlestick went from $3.25 to $7.00 as a day high. This did not happen and was confirmed by the Clay Trader.
LOL! Hopefully our trading accounts will be "BURSTING" also come monday morning!!!
probably a typo or "fat finger trade" It was $4.09 not $2.09