{"id":2805,"date":"2013-10-11T11:15:16","date_gmt":"2013-10-11T11:15:16","guid":{"rendered":"\/?p=2805"},"modified":"2013-10-11T11:15:53","modified_gmt":"2013-10-11T11:15:53","slug":"globalstar-inc-otcmktsgsat-contains-slide-rushes-back-up","status":"publish","type":"post","link":"\/articles\/globalstar-inc-otcmktsgsat-contains-slide-rushes-back-up\/","title":{"rendered":"Globalstar, Inc. (OTCMKTS:GSAT) Contains Slide, Rushes Back Up"},"content":{"rendered":"

\"36GSAT_chart.png\"After ending last week’s trading on a very strong note, hitting a new 52-week high, Monday saw Globalstar, Inc. (OTCMKTS:GSAT<\/a>) turn red, even if the drop was under 1%. In the next session GSAT<\/a> pulled back further, dipping as low as $1.18 intra-day. However, after two more sessions it seems the ticker is back on track and is pushing for new highs again. <\/p>\n

The drop that happened this Tuesday was more or less expected, as GSAT<\/a> was climbing more steadily in September, but October saw the ticker run up in leaps and bounds. The price put on 43% in seven consecutive green sessions and was bound to retrace sooner or later. Luckily for shareholders, the stock held fast and the slip was contained very quickly, then reversed into a climb.<\/p>\n

The last two green sessions sent GSAT<\/a> precisely where the stock was before the slip, at $1.43 per share. With balance restored, the ticker has a fair chance of trying for $1.50, as it very nearly got there intra-day on Friday. Traders on discussion boards seem hesitant about which way the ticker will go, but mostly optimistic about green days in the short term.<\/p>\n

Even though there have been no new press releases from GSAT<\/a> for a while now, the ticker still commands significant volumes, at 16.4 million shares traded yesterday – the highest volume GSAT<\/a> moved in the last six months, so the momentum is still there.<\/p>\n

\"79PCWT_chart.png\"Other hot penny stocks in yesterday’s OTC session include Alkaline Water Company, Inc. (OTCBB:WTER<\/a>) who closed 7% down and stopped at $0.56 per share. Pacific Clean Water Technologies, Inc., f\/k\/a Unseen Solar, Inc. (OTCMKTS:PCWT<\/a>) – the latest but far from greatest pump delivered by Awesome Penny Stocks and Victory Mark, tanked hard once again. PCWT<\/a> was annihilated once on Wednesday, crashing nearly 61%. Yesterday the ticker went another 57% down, to lose almost 85% in two sessions.<\/p>\n","protected":false},"excerpt":{"rendered":"

After ending last week’s trading on a very strong note, hitting a new 52-week high, Monday saw Globalstar, Inc. (OTCMKTS:GSAT) turn red, even if the drop was under 1%. In the next session GSAT...<\/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":[314,1009,916],"class_list":["post-2805","post","type-post","status-publish","format-standard","hentry","category-news","tag-gsat","tag-pcwt","tag-wter"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2805","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=2805"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2805\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}