{"id":3071,"date":"2013-10-31T16:11:13","date_gmt":"2013-10-31T16:11:13","guid":{"rendered":"\/?p=3071"},"modified":"2013-10-31T16:11:57","modified_gmt":"2013-10-31T16:11:57","slug":"globalstar-inc-otcmktsgsat-trips-at-1-50-again","status":"publish","type":"post","link":"\/articles\/globalstar-inc-otcmktsgsat-trips-at-1-50-again\/","title":{"rendered":"Globalstar, Inc. (OTCMKTS:GSAT) Trips At $1.50 Again"},"content":{"rendered":"

\"39GSAT_chart.png\"Yesterday’s session cut short the latest green run of Globalstar, Inc. (OTCMKTS:GSAT<\/a>). The ticker managed to punch through the $1.50 mark in early trading but was quickly pressed down and dipped under its previous close in the afternoon, to end the day over 5% in the red. <\/p>\n

This is the third time GSAT<\/a> tried to shoot for $1.50 this month and it’s also the third time when it did not manage to close above that level. Throughout October the price bounced up and down in the $1.20 to $1.40 range, showing what many would interpret as resistance at the low point of that range.<\/p>\n

Nothing has dramatically changed with GSAT<\/a> since we last covered the stock. The company posted a press release yesterday, congratulating the new Chairman and Commissioner of the Federal Communications Commission, in the face of, respectively Tom Wheeler and Michael O’Rielly.<\/p>\n

The company has not come up with any new filings following the 8-K from mid-October. Trading seems to have fallen into a pattern, waiting for a bigger news release to trigger a wilder move. At the very least the ticker has shows resilience in its low range and the fears of uglier drops taking place if the price rips into the 20-s have been alleviated for the time being.<\/p>\n

GSAT<\/a> is currently trading down the early session after dancing on both sides of its last close.<\/p>\n

\"68NAMG_chart.png\"Other big dollar volume movers and shakers in yesterday’s session include Pan Global Corp. (OTCMKTS:PGLO<\/a>) who closed 10% up on heavy volume. North American Oil & Gas Corp. (OTCBB:NAMG<\/a>) dropped 6% on Wednesday and are once again red in today’s session.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday’s session cut short the latest green run of Globalstar, Inc. (OTCMKTS:GSAT). The ticker managed to punch through the $1.50 mark in early trading but was quickly pressed down and dipped under its previous...<\/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":[314,851,1074],"class_list":["post-3071","post","type-post","status-publish","format-standard","hentry","category-news","tag-gsat","tag-namg","tag-pglo"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3071","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=3071"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3071\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}