{"id":2740,"date":"2013-10-04T14:16:00","date_gmt":"2013-10-04T14:16:00","guid":{"rendered":"\/?p=2740"},"modified":"2013-10-04T14:16:07","modified_gmt":"2013-10-04T14:16:07","slug":"globalstar-inc-otcmktsgsat-maintains-strong-run","status":"publish","type":"post","link":"\/articles\/globalstar-inc-otcmktsgsat-maintains-strong-run\/","title":{"rendered":"Globalstar, Inc. (OTCMKTS:GSAT) Maintains Strong Run"},"content":{"rendered":"

\"75GSAT_chart.png\"Thursday was another significant green day for Globalstar, Inc. (OTCMKTS:GSAT<\/a>) shareholders. The company’s stock managed a double digit green close, adding 12 cents to its price and stopping at $1.32 by the bell. <\/p>\n

The ticker had its sixth bullish session in a row. The first of those helped GSAT<\/a> land at exactly $1.00 per share and the next five added a further $0.32 to the price, on share volume that is increasing every day. Yesterday GSAT<\/a> moved 9.6 million shares.<\/p>\n

The company’s run was started by a couple of factors, including a proposed rulemaking on part of GSAT<\/a> has been forwarded for review and consideration by the full Federal Communications Commission, as well as a rumor linking GSAT<\/a> and e-commerce retail giant Amazon. Putting Globalstar’s name in a close proximity to Amazon, with leaks of information that Amazon is testing a new WiFi network for Amazon mobile device users and is using a spectrum band controller by GSAT<\/a>, sent the price of the stock soaring. Two days ago GSAT<\/a> also received bullish coverage in an online investment magazine, which likely helped the ticker further.<\/p>\n

So far GSAT<\/a> have been doing an extraordinarily good job of keeping the heat up. The price did pull back briefly around Sep 20, as the ticker had just pushed over $1.00 per share. However, recovery was relatively swift and timely. While the green run is looking good so far, traders should keep in mind that the ticker put on 32% in a few sessions and this may lead to a more significant correction or shareholders cashing out a bulk of their position at the new highs.<\/p>\n

\"33LBMH_chart.png\"Another OTC stock that ran for a good while and even made it past $2.00 per share is Liberator Medical Holdings, Inc. (OTCBB:LBMH<\/a>). Having reached nearly $2.40 per share, LBMH<\/a> recently retraced down below $2.00 and rebounded to $2.15 once more. Despite the strong points of both LBMH<\/a> and GSAT<\/a>, traders should keep in mind that OTC stocks tend to be volatile and should take care when making decisions, especially if those involve chasing stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Thursday was another significant green day for Globalstar, Inc. (OTCMKTS:GSAT) shareholders. The company’s stock managed a double digit green close, adding 12 cents to its price and stopping at $1.32 by the bell. The...<\/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],"class_list":["post-2740","post","type-post","status-publish","format-standard","hentry","category-news","tag-gsat","tag-lbmh"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2740","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=2740"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2740\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}