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Globalstar (GSAT) thoughts on this stock's future?

Posted on 9/15/21 at 10:54 am
Posted by DUKE87
Covington, LA
Member since May 2021
666 posts
Posted on 9/15/21 at 10:54 am
I bought a lot @ $1.90 a share. Speculations came out that they were partnering with iPhone 13 on SAT phones; come to find out that wasn't the case.

Instead partnering with NASA in some sort of way.

Trying to evaluate if its a long term stock or not?
Posted by GeneralLee
Member since Aug 2004
13103 posts
Posted on 9/15/21 at 10:55 am to
buy ASTS instead.
Posted by DUKE87
Covington, LA
Member since May 2021
666 posts
Posted on 9/15/21 at 10:56 am to
Hold what I have w/ GSAT? Or sell and buy into ASTS?
Posted by GeneralLee
Member since Aug 2004
13103 posts
Posted on 9/15/21 at 11:02 am to
If it was me, i'd sell and buy into ASTS. ASTS is only 5% of my portfolio as it's a very risky stock but has legit 50-100 bagger potential IF things go right (which I'd estimate as 20-40% odds). I plan to hedge my bets with deep OTM puts just before the BW3 launch next march.
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