Globalstar Inc (GSAT)

[Bouray00]

I could feel this coming when it was announced this morning that Monroe was going to defend his position on Mad Money. The thing is, he had to do this to stop the bleeding, and for the most part, I think it worked. The only portion that Cramer had that "gotcha" look on his face was when he asked how soon the FCC would vote for approval.

I knew Cramer's arrogance would prevent him from backing down from his statement on Friday. This was a no win situation, but again, I think Monroe did the right thing and even though AH pps dropped, and will probably go down some tomorrow, I believe Cramer knows damn well this stock will take off when approval comes. It does not matter what the pps was AH or tomorrow. Everything hinges on the FCC approval, which I think will happen. Then we see an immediate bump up to the $10 to $12 range, until the big fish comes along to take the hook. Google, Yahoo,,, who knows. But we hold a future billion dollar commodity IMHO.