GSAT

[southern151]

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]

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]

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

[redaddiction]

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

[southern151]

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]

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

[southern151]

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

[redaddiction]

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]

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]

Originally Posted by southern151

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]

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]

Pretty nice jump this morning!

[southern151]

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

[redaddiction]

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

[I make oil]

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

[redaddiction]

Originally Posted by I make oil

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]

Originally Posted by I make oil

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

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]

On a pretty good run today!

[redaddiction]

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

[redaddiction]

$3.78

Woop woop!