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    PotLikinisAhabbit Shorts are still at it. Hopefully we get a big squeeze and... 12-22-2016, 11:37 AM |
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#1
10-06-2014, 04:35 PM
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The gambler in me says buy more while it's down but, the conservative side of me says don't throw any more in than I already have. 
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#2
10-06-2014, 04:23 PM
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I just noticed GSAT's 1 year price target on Yahoo Finance just increased today to $6.00.
Here is what one of the investment firms, Maglan Capital, are saying about this Kerrisdale report. This is from today. __________________________________________________ ___________________ When Kerrisdale Capital first released its short thesis this morning, the characteristic plunge that we’re used to seeing from high profile shorts didn’t materialize, at least not at first. But when Kerrisdale CIO Sahm Adrangi began his presentation this morning the price fell by double digits very quickly, reaching -15% before bouncing back to -11% as opportunistic investors started going long to squeeze a crowded position and bulls built up their position even more. TLPS is an end run around traditional gatekeepers: Odeon Capital “Kerrisdale’s thesis reveals a material misunderstanding of what the TLPS opportunity is all about – their basic argument is the wifi of today works- is free (misconstrued) and there’s plenty available– so why would there be any value to Globalstar’s spectrum,” wrote Jason Bernstein for Odeon Capital Group in an email, standing by his Buy rating and $5 price target for Globalstar, Inc. (NYSEMKT:GSAT). “The answer is gatekeepers. Today, carriers and cable companies provide access, you need them to use wifi. Ultimately, TLPS provides an end run around the traditional gatekeepers, and we think that’s a very compelling incentive.” Bernstein doesn’t completely dismiss the presentation, acknowledging that Globalstar, Inc. (NYSEMKT:GSAT) has a rough operating history and that some of the technical issues Kerrisdale raises are worth discussing, but ultimately he says that there is nothing that makes him change his opinion about the value of GSAT’s spectrum or the company’s prospects in general. Maglan Capital says its increasing its position on Globalstar When Maglan Capital explained its reason for going long Globalstar, Inc. (NYSEMKT:GSAT) earlier this year it used similar reasoning, arguing that GSAT should approach Apple Inc. (NASDAQ:AAPL), Netflix, Inc. (NASDAQ:NFLX), Amazon.com, Inc. (NASDAQ:AMZN) and other tech companies that would want to offer customers free internet access to differentiate their products in the market, even if that meant paying for access up front. “Imagine if Apple could offer its customers a ubiquitous, free, worldwide WiFi, with an unrivaled level of speed and clarity. How much more would customers be willing to pay for an Apple device?” Maglan wrote in a May letter. Maglan tweeted during the presentation that it’s buying more Globalstar, Inc. (NYSEMKT:GSAT), so it hasn’t been impressed by the presentation either.
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#4
10-07-2014, 02:27 PM
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Globalstar to Host Conference Call to Address Kerrisdale Capital Presentation
Globalstar, Inc. 7 hours ago GlobeNewswire COVINGTON, La., Oct. 7, 2014 (GLOBE NEWSWIRE) -- Globalstar, Inc. (NYSE MKT:GSAT) today announced that the Company's management team will host a public conference call to address the matters raised during Monday's Kerrisdale Capital presentation. The conference call will take place on Thursday, October 9, 2014 at 4:30 p.m. EDT. The call will include prepared remarks followed by a question and answer session. Details are as follows: Conference Call: 4:30 p.m. EDT Investors and the media are encouraged to listen to the call through the Investor Relations section of the Company's website at www.globalstar.com/investors. If you would like to participate in the live question and answer session following the Company's conference call, please dial 866-510-0707 (US and Canada), 617-597-5376 (International) and use the participant pass code 75944922. Audio Replay: A replay of the call will be available for a limited time and can be accessed after 7:30 p.m. EDT on October 9, 2014. Dial: 888-286-8010 (US and Canada), 617-801-6888 (International) and pass code 83995346.
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#5
10-31-2014, 12:17 PM
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Finally got my $ back on this one. Thinking real hard about dumping it all while I'm ahead but, I'll give it till midweek to see if it's gonna rebound or, stay stagnant.
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#6
10-31-2014, 02:05 PM
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The price drop was a sham by a Hedge Fund shorting the stock and making false claims about the company. GSAT responded to the allegations with tons of information. To much to go into on here. Nothing has changed. It's all still an FCC decision we are waiting on.
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#7
11-14-2014, 03:42 PM
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Feeling better now!
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#8
11-14-2014, 03:56 PM
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hope it keeps going!
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#10
02-10-2015, 11:02 AM
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Sure wish I had dumped this when it was over $4!
They're not even releasing any new updates or news on it that I can see after Jan 14. To me(correct me if I'm wrong), that's not a great sign.
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#12
02-10-2015, 10:43 PM
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Hold Tight!!! There was a big meeting last week at the FCC. This is the biggest meeting so far, with a large number of attendees. With lots of legal counsel from GSAT and others in the internet and WIFI arena's. I keep up with this and I'm not worried about share price. It's just due to no news.
This news about the meeting just came out today! Attendees – February 5, 2015 Meeting on FCC IB Docket 13-213 Wi Fi Alliance Rich Kennedy Greg Ennis (by phone) Russell H. Fox (counsel) Globalstar Barbee Ponder John Dooley (Jarvinian Ventures) Dennis Roberson (Roberson and Associates) Ken Zdunek (Roberson and Associates) Mike Needham (Roberson and Associates) Steve Berman (counsel) Regina M. Keeney (counsel) National Cable and Telecommunications Association Rob Alderfer (CableLabs) Bernie McKibben (CableLabs) Paul R. Margie (counsel) Wireless Internet Service Providers Association Alex Phillips Jack Unger (by phone) Stephen E. Coran (counsel, by phone) Bluetooth Special Interest Group Mark Powell Jimmy Salame FCC Staff Office of Engineering and Technology Julius Knapp Ronald Repasi Bruce Romano Geraldine Matise Paul Murray Mark Settle Rashmi Doshi Walter Johnston Karen Rackley Patrick Forster International Bureau Troy Tanner Jose Albuquerque Karl Kensinger Chip Fleming Sankar Persaud
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#13
02-11-2015, 10:44 AM
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thanks for the update!!! Im hanging in there
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#14
03-09-2015, 04:20 PM
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Nice jump today!
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#15
03-09-2015, 04:27 PM
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There was a demonstration that's been taking place at the FCC since last week. Tomorrow is the last day. this week will be interesting.
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#16
03-09-2015, 05:18 PM
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So buy more?
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#17
03-09-2015, 05:38 PM
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Quote:
Well, wouldn't want to tell anyone yes or no. But I've done the research and if I had some free money I would still be buying. My cost average is still higher at $3.75 because I was still buying at higher prices before that hedge fund played their games with the stock. I wish I would have sold and bought back cheaper. Could of doubled my share count but I'm to chicken to play with my money like that too much. LOL Last edited by redaddiction; 03-09-2015 at 05:49 PM.
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#18
03-09-2015, 05:52 PM
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I got in at 1.88. So I'm comfortable with my returns already just trying to be greedy.
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#19
03-11-2015, 08:40 PM
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#20
03-11-2015, 08:54 PM
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Quote:
Shaka laka!!
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