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GSAT - Globalstar Inc

post #1 of 167
Thread Starter 
short candidate. Been on a down trend, IPO'd last november and has taken a crap. days with volume = selling pressure. Fundamentaly stock is still over valued. fear might be a takeover but i can't see that happen until it gets cheaper


post #2 of 167
Thread Starter 
turned out to be a nice short so far
post #3 of 167
i got in this today at .197. i looks to be ready to come off the bottom. worth putting on your watch
post #4 of 167
The bump in volume last week was due to the CEO buying $2.5M of stock.
http://www.tradingmarkets.com/.site/...0News/2085722/
post #5 of 167
actually he bought twice. once on 12/12 and then again on 12/16 for a total of 3 million dollars. 8 k out today after hours http://biz.yahoo.com/e/081224/gsat8-k.html and the stock is up to .23 in after hours trade
post #6 of 167
ahhh nice steady climb. closed at .25 today. looking forward to what monday has to bring
post #7 of 167
you think the ceo buying so much means something good to come?
post #8 of 167
I've read in a couple places these guys buying now is for tax purposes....Comments?
post #9 of 167
ceo spending that kind of money to me means good things on the horizen. closed today at 25 and we have a real nice set up. doji on new years to a hammer today which is my favorite set up for a good run. looking forward to monday
post #10 of 167
Quote:
Originally Posted by atcspaul View Post
ceo spending that kind of money to me means good things on the horizen. closed today at 25 and we have a real nice set up. doji on new years to a hammer today which is my favorite set up for a good run. looking forward to monday
Thanks for the insight...will look into it.
post #11 of 167
Like the chart on this one.
post #12 of 167
on fire
post #13 of 167
I found a news item on them on Google finance. Said they got a piece of a $375 million contract. I threw in a bid for 500 shares just for chits and giggles, I've never messed with stocks this cheap before.
post #14 of 167
profit dance!
post #15 of 167
looks to run higher by eod.... 1.6 vol. already...i got this morning but may jump in for another run.good luck
post #16 of 167
I should have watched this
post #17 of 167
sold a few that i bought at .19 and made some porfit and kept freebies. looks like pull back time again
post #18 of 167
This just came up on my screener. Looks like it's right at resistance. If it can break this might be another runner. Took a more gradual climb than the last spike, so keep a close eye on that resistance wall.

Good luck!
post #19 of 167
Watch today
post #20 of 167
i might be into this
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