{"id":2060,"date":"2013-07-25T14:11:36","date_gmt":"2013-07-25T14:11:36","guid":{"rendered":"\/?p=2060"},"modified":"2013-07-25T14:11:39","modified_gmt":"2013-07-25T14:11:39","slug":"globalstar-inc-otcmktsgsat-holds-fast","status":"publish","type":"post","link":"\/articles\/globalstar-inc-otcmktsgsat-holds-fast\/","title":{"rendered":"Globalstar, Inc. (OTCMKTS:GSAT) Holds Fast"},"content":{"rendered":"

\"8GSAT_chart.png\"The last few months have been good to Globalstar, Inc. (OTCMKTS:GSAT<\/a>) shareholders. The stock’s price attempted recovery once in early 2013, breaking through $0.50 per share but was soon pressured down to the thirties range. However, the strong price rally that started in May is still going and showing signs of resistance. <\/p>\n

Globalstar is a company whose main focus are satellite communications and data services. The February surge of GSAT<\/a>‘s stock price can largely be related to the announcement of the company launching its second-gen satellite constellation. The May surge that virtually continues today was driven by more positive news from the company, including the launch of their Spot Global Phone – a handheld satellite phone for use in areas with zero mobile operator coverage, which was met with mixed reviews.<\/p>\n

The books of GSAT<\/a> show significant revenues and assets of over $1 billion. The company still logs significant net loss as well, with the biggest culprit in the reports being amortization of the logically expensive complex technology.<\/p>\n

The price climb started in May retraces into smaller, steadier dips, followed by new highs that match or exceed previous highs. Yesterday’s session looked like a continuation of this trend, with GSAT<\/a> taking a couple of steps back from $0.68 per share in preparation for another attempt to run up the chart and mark a new high. Of course, the risks involved in chasing stocks are present here as well, so caution is advised.<\/p>\n

\"79LBMH_chart.png\"Other stocks that moved a lot of dollar volume in yesterday’s session include Liberator Medical Holdings, Inc. (OTCBB:LBMH<\/a>) seem to slowed their descent and are currently trading up in today’s session, after a significant drop. Xumanii, Inc. (OTCMKTS:XUII<\/a>), a pump job nearly three months old now, regained a little of what was lost in Tuesday’s crash and closed nearly a quarter up.<\/p>\n","protected":false},"excerpt":{"rendered":"

The last few months have been good to Globalstar, Inc. (OTCMKTS:GSAT) shareholders. The stock’s price attempted recovery once in early 2013, breaking through $0.50 per share but was soon pressured down to the thirties...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[314,782,658],"class_list":["post-2060","post","type-post","status-publish","format-standard","hentry","category-news","tag-gsat","tag-lbmh","tag-xuii"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=2060"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2060\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}