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-   -   GSAT (http://www.saltycajun.com/forum/showthread.php?t=51006)

southern151 03-18-2014 12:44 PM

What are your thoughts on it as of now. Been holding decent but, the 4th quarter statements didn't seem to move it much. I'm still holding and, well in the black, just not sure how much longer I'll hold em.

redaddiction 03-18-2014 01:05 PM

My thoughts are this is a long term hold. Not a quick flip. Everything balances on whether the FCC approves their proposal in June. Price won't move much till then. If approved this will be a first ever that a satellite company can provide broadband services to the general public. Other companies will want to lease that spectrum fom them. (Verizon, AT&T, Amazon, etc)That will be huge in terms of increases revenue. Stock price IMO would go to 10,20,30, who knows how high.

BassYakR 03-18-2014 01:15 PM

Id love to get on something like this... but that "IF" always holds me back.

redaddiction 03-18-2014 01:19 PM

Yeah me too usually. But their current business supports a 3-4 price even with no approval. Just not as much growth.

southern151 03-18-2014 02:33 PM

Well, by the way it's on the move UP right now, you'd think I sold it! LOL!

I didn't but, that's my typical luck! Up $.08 for the day right now.

redaddiction 04-15-2014 12:20 PM

GSAT is going to the New York Stock Exchange on Monday.

southern151 04-15-2014 05:40 PM

It dropped pretty good today. It dropped last week and, came back a little.

redaddiction 04-15-2014 05:55 PM

It will get a lot more exposure now that is not a penny stock on the OTC market. Funds will be able to start buying and analysts will start giving their options. I bought more today. It's all good!

southern151 04-16-2014 11:51 AM

It's bouncing back well. I put in for another 400 shares after close yesterday. Managed to get em picked up for $2.43. Looking good for them if my comprehension is correct in the articles I read about them!

redaddiction 04-16-2014 04:38 PM

Quote:

Originally Posted by southern151 (Post 681710)
It's bouncing back well. I put in for another 400 shares after close yesterday. Managed to get em picked up for $2.43. Looking good for them if my comprehension is correct in the articles I read about them!



Yes sir! Buying all I can and will hold long term. This thing could go 10X in my opinion in the next couple years or sooner. If all the rumors about Amazon working a deal with them and also possibly Google showing interest in their network, this thing could grow quickly. Imagine having your Amazon Kindle Fire tablet with you almost anywhere in the world and being able to access the internet! Satellite is going to be the best thing since WiFi. (If the FCC approves GSAT's request)

redaddiction 04-21-2014 09:40 AM

Good luck to those of you that may have bought. Today is the first day back on the New York stock exchange. Strong move already.

southern151 04-21-2014 10:35 AM

Pretty nice jump this morning!

southern151 05-05-2014 09:14 AM

Up 21% right now. Hope to see another boost this week.

redaddiction 05-05-2014 11:29 AM

The earnings conference call is Wednesday after market close. Hopefully it's all good news.

I make oil 05-05-2014 12:34 PM

Just got my confirmation email. I bought 10500 shares at $2.84. This might be interesting. ;-)

redaddiction 05-05-2014 12:51 PM

Quote:

Originally Posted by I make oil (Post 687226)
Just got my confirmation email. I bought 10500 shares at $2.84. This might be interesting. ;-)


Damn son! 😳 good luck. But I don't think we need it. 😎

southern151 05-05-2014 03:07 PM

Quote:

Originally Posted by I make oil (Post 687226)
Just got my confirmation email. I bought 10500 shares at $2.84. This might be interesting. ;-)

:eek: Man, I thought I was rollin' with my thousand! LOL! Making money, regardless! I got lucky and, bought most of mine at $1.97 and, 1.99.

southern151 05-08-2014 11:34 AM

On a pretty good run today!

redaddiction 05-08-2014 03:07 PM

Good close to the day. Volume 5 times the daily average.

redaddiction 06-05-2014 04:12 PM

$3.78

Woop woop!


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