High IV and Recovering Momentum for GSAT

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Globalstar Inc has had a complicated relationship with the FCC as of late over airwave use, more specifically, the use of satellite signals for mobile devices to access the internet. Certainly something to look into more and watch as the FCC concludes its voting on the matter. Since GSAT's large selloff, its price has recovered somewhat by ~ 28% over the past 11 days. RSI has a positive slope and is still relatively low at 34.18. MACD has reflected a change in slope of the price level and momentum is in the process of recovering towards the positive side. Very liquid stock and is optionable. An interesting aside; Current implied volatility is 270%. Statistically, this implies that the underlying may increase by 270% annualized. It cannot decrease by 270% since the lowest it can go theoretically is zero. So it stands to reason that, according to current IV, the annualized potential of GSAT's price is anywhere from $0.00 to ~ $4.34. This does not mean for certain the moves are guaranteed, however, all the previously stated may give price a bias towards the positive end of this spectrum.
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