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Yeah, i got 100 shares of this. Thats about all i want. Its really a gimmick CEF. The dividends have gone down since its inception, You really need to buy Cef's that stay par or hopefully increase their monthly distributions. I can't see how anyone could win with any of the cornerstone funds.
I agree. Will the slashing of the $1.00 annual distribution to .50c strengthen the company? Im concerned about the deal they just did and what it could mean as far as stock dilution. I want to believe you, but they just took out up the ass with this new deal. They are paying a lot of money to their new creditor which could potentially hurt the common shareholder. I know they were in dire straights though, so the sooner the price of oil goes up the better huh?
BBEP didn't do jack today! Oil was up +2.85 to almost $52. Was it because the distribution cut? Usually this traces oil up or down but not today.
What ever happened to that clown that said we were going to $2.00? PCB ?? Funny how he is so silent.
Short seller Kerrisdale burned us with his short thesis. Stock has been diluted for quite some time. I wonder where the price would be if it weren't for Kerrisdale.
Sometimes i get impatient with this stock. It feels like I'm watching paint dry, but i keep reading things like this and i think to myself " I know this stock is going to be worth some money because of the amount of people using phones and devices." Its incredible and its only going to grow. I just got my first smartphone about a year ago. An iPhone 5. I love it. I have my cellphone through Virgin Mobil (Sprints network) and i pay $43.00 month no contract unlimited everything. Its pretty darn good service too. I see you people under the age of 25 addicted to their phones. It is like a drug. I hope GSAT gets what it has petitioned for.
Nice article!
I was thinking the exact same thing!
Yeah, what a terrible chart! 13 consecutive days closing above the 50 day. It just doesn't get any worse than that! Sell! Sell! Sell!
Yeah, i know they hate GSAT. Probably some of sham 's scammers. It gets old seeing every single article on GSAT negative on seeking alpha. I mean, this company is trying to build a business, lets be real.
Did somebody cover???
CLOSING ABOVE THE 50 DAY! MACD MOVING UP! ADX SHOWS BULLS IN CONTROL!
ADX line shows bulls almost in control, MACD about to get above the center line.
The slow stochastic did not go so well with ZNGA. I took a small loss. It seems only good for very short term trades unless you use it with other indicators like MACD. I don't think it is meant to go long on stocks that are in a downtrend, like ZNGA, WYY. It wasn't a good indicator for GSAT either. unless you took a very small profit. So it does work, but for now all i can see is next day gains. That MACD you pointed out is important .
Tell me about the Accumulation/ Distribution line. I have been reading up on that one but i don't quite get it yet.
Thanks. Yeah i wasn't really thinking about the MACD being slower but a better conformation. Seems like i should use both for a better entry. I don't think i will get the lowest entry using both because the MACD is a little late, but it improves my chances a profitable trade.
Thank you so much kevin! I would like you to take a look at Zynga. ZNGA. I see this setup so i got in yesterday. I have only placed trades when %K is under 20 line and crosses %D. Does it matter is it is under the 20 line? Should i stay in the trade as long as %D is doesn't cross %K? That is my question. How to know how when to sell. I could have sold ZNGA this morning but for a modest gain.
And my prediction comes true. We close green. Thank you slow stochastics! Thank you Rattlewatch for the MACD pointers. I did not know When the MACD is above zero, the short-term average is above the long-term average, which signals upward momentum. Looks like we are about there on the chart.
Won't that be nice!
Oh yeah, ADX looks good but not as much. From what i have read, when the +DI number(green line) is greater than the -DI(red line) the bulls are controlling the move. GSAT +DI is greater right now but not by much. COME ON BULLS!!!
99% chance this is green tomorrow. I do not trade this stock, but i have made 2 profitable trades recently by using the slow stochastics oscillator. It is awesome. When %K crosses %D it is a good buy signal . %K must be below % D and come up and go through %D just like the GSAT chart looks right now. They just crossed. Rattlewatch turned me on to this. Im reading a book, trend trading for dummies, and this a one strategy to use. Their are other strategies too like bollinger bands and fibonacchi retracements. ADX is really cool also. It's a good indicator of bulls or bears in control. Lets see tomorrow if we close green.
NICE FIND!!!! THANKS! Dish Chairman Charlie Ergen projected in May that the auction would show his spectrum to be far more lucrative than many people were expecting. - WOW!
Yeah nobody is going to pay for Wifi its free! HA! Thats why everybody fills up their water bottles at the sink at work. And every one goes to the water fountain. ITS free!! Yet bottled water is a multi billion dollar business. Go figure....
Im gonna get on dat gubment plan and get me some free healthcare !
I wish he would just not talk about Globalstar. If he doesn't understand the technology then stay away from it. Stick with the basic stuff like Dominoes Pizza and Macy's. Anyone can recommend that shit. Poeple eat pizza and shop department stores for the holidays. NO BRAINER!!!
That Kerrisdale was correct on many things in their thesis. Like GSAT is not going to make enough money to pay the loans and they will likely have another dilution to raise funds. I don't think so. I don't like how people see him as some sort of prophet. One man should not be able to move a market. He has been wrong before. It sucks though cause a several people put over $100,000 into this in the past few days and their already in the red. Oh well we need to weather another storm we are used to it.
CRAMER YOU SUCK!
I totally agree. Thats why that guy is dressed like a clown. Cause thats what he is! Sprint also has a death cross in the chart. Now do you think Sprint is going to 0??? I don't think so. In fact I'm kicking myself for not getting some shares around $4.70. Sprint will be a player in the cell phone industry. I can see Sprint back at $6 in the near future easily. IMO. Death Cross is retarded. Fannie Mae had a golden cross and now look at it. What a joke. I like Stochastics and ADX for my trade technical indicators. I am currently testing these out. I will consider buying a stock when the slow stochastics is under the 20 line. I am long GSAT.
I say in the next week or two we will be closing above the 50 day. IMO. RSI is not overbought either. Needs to be over 70. Sorry Pennywise.
ROTFALMAO!!! Roll on the floor and laugh my ass off!!!!
Call me i would love to talk to you. I also live in Louisiana (St. Bernard Parish) My name is Josh 504-410-6521.
Excellent!, thats just what i need to understand OPTIONS! So the theory is someone is risking $45,000 for a chance to make$450,000????
Tell me about the stochastcis. I just bought a book called trend trading for dummies and the guy said something similar to what you told me. When %K crosses %D there is about to be a change in direction. What are some potential problems with stochastics and how heavily do you personally rely on it before you enter a trade? I am not asking this question in reference to GSAT, but trading in general. I welcome anyone to call me if they want to talk stock and strategies. JOSH @ 504-410-6521 after 4pm.
I picked up another 2000 shares this morning for $2.01. I'm learning how to invest with more discipline. I still wish I would not have sold from the bs report, but I'm not sweating being in holes as much. This I believe will turn out very good. Perhaps even better than we expect! IMO .
I think we hit a bottom on the double bounce off of $1.56 the other day. IMO. This double bounce prompted me to buy another 1,000 shares yesterday at $1.77. I could be wrong about the bottom, but in all reality the RSI is wayyyyy low in oversold territory.
I have been in holes before. I don't like them, but I'm getting used to it. It's the nature of investing. Im thinking of getting my original 8000 shares back. Im still upset with myself for getting shaken out in the big shake. But with each mistake i make i learn more.
Nice find! Thanks!
You are right about all your posts. CEF's suck. Im young and I'm willing to take some big risks. I don't need to be holding closed end funds right now or ever. It would be better to own solid companies that pay a 2 to 3% dividend like Proctor and Gamble and Johnson and Johnson. I sold my 1,300 shares of CFP yesterday and lost a grand. I do think the SP spider 500 index is headed lower so i won't be buying that, i do agree with you on the historic growth rate of The SP. When the bears come out to raid they can really destroy a lot of value.
Hang in tough buddy! I know it's hard. Im in a serious hole myself, but i aint gonna give up one this one!
This is getting out of hand, somebody needs to put their f***** foot up this insurgents ass!!!!
Hey can i figure out my average before i buy?