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Started By
Message
Opinions on GSAT
Posted on 6/4/09 at 9:42 am
Posted on 6/4/09 at 9:42 am
So, I'd like to receive the collective wisdom of the money board. About three weeks ago, I threw a small amount of money on GSAT (about $400) after seeing some insider buying. Over the past few weeks, I've had over an 80% return on this stock. I have not seen much evidence that would account for the substantial run-up (although to be honest, I have not really looked). I have noticed that on many trading days, the volume seems to be quite substantial (at least more than the average).
Part of me wants to take the profits and run, and the other part of me wants to ride it out and see how far it goes. This is complicated by the fact that I do not have much money in it, so it's not like I can trim some of my holdings and leave the rest in. Any opinions on GSAT in general, opinions on my situation?
Thanks.
Part of me wants to take the profits and run, and the other part of me wants to ride it out and see how far it goes. This is complicated by the fact that I do not have much money in it, so it's not like I can trim some of my holdings and leave the rest in. Any opinions on GSAT in general, opinions on my situation?
Thanks.
3
Posted on 6/4/09 at 9:46 am to Mo Jeaux
Take out your 400 dollars in principal and leave in the 320 dollars of profit.
That way you can't go negative.
That way you can't go negative.
Posted on 6/4/09 at 9:59 am to Mo Jeaux
You know who is great to watch do insider transactions? Bob Toll, the CEO/Founder of Toll Bros. Dude has some uncanny "market timing."
Posted on 6/4/09 at 10:02 am to TheHiddenFlask
quote:
Take out your 400 dollars in principal and leave in the 320 dollars of profit.
That way you can't go negative.
Good point. Thanks.
Posted on 6/4/09 at 10:02 am to kfizzle85
quote:
You know who is great to watch do insider transactions? Bob Toll, the CEO/Founder of Toll Bros. Dude has some uncanny "market timing."
Don't know much about him, but I'll look him up.
Posted on 6/6/09 at 12:08 am to Mo Jeaux
No opinion on GSAT. Sorry, I just don't know it.
But I do have an opinion on your situation. If you have a few hundred bucks at most, now is the time to splash around and discover your tolerance for risk. Really, you're just playing roulette here but knowing your risk tolerance is worthwhile.
But I do have an opinion on your situation. If you have a few hundred bucks at most, now is the time to splash around and discover your tolerance for risk. Really, you're just playing roulette here but knowing your risk tolerance is worthwhile.
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