Perhaps GSAT will continue increasing through Q3 2024. Globalstar is a disaster relief communication company that uses mobile satellite services. Perhaps this emergency and non-emergency satellite communication company may be of great value during times of: shortages; war; and disaster. By 2024-07, perhaps a target price of $2.90 with possible peaks near $3.48 and troughs near $2.28.
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Perhaps a transitory peak between 2023-02-23 and 2023-09-09 near $3.11 for less than one week; with an estimated possible peak mid-point near 2023-06-06.
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Nov 25 to Nov 30: +2.15% (ETH - Extended Trading Hours)
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-2.11% (ETH - Extended Trading Hours)
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+0.54% (ETH - Extended Trading Hours)
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-1.61% (ETH - Extended Trading Hours)
Trade closed manually
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Waiting to see why JAN 2023 looks like with the 2022 Q4 data. Also to see if cold / flu season ends ok. May re-enter near Q2 Q3 2023 depending on price and markets.
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exit = $1.81 waiting of JAN economic announcements (perhaps FEB war announcements). Although I made and exit I really like this one, so I may reenter if there is a flash-crash in Q1 2023.
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waiting for the bottom for re-entry.
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maybe 2023-06 re-entry
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still in play (maybe 2023-06 re-entry)
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still in play
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Starlink expansion seems to be pulling a lot of attention from this one. Also, the new Apple backup satellite connection. So this may preform slight less than expected with an increase in competition.
Quality Post, Thank you for showing us this details
day0
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@melikatrader94, Thank you! :D This was a really good forecast.
Simmonsprospers1
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greetings when you say flash crash you mean of gsat or stocks in general?
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@Simmonsprospers1, Well. Not the "or" part in your excellent question, more so "both and more".
The "waiting of JAN economic announcements (perhaps FEB war announcements" part could be multiple flash crash pieces that are all very interconnected. For example, recession + most stocks (typical recession type dip) + real estate + crypto + GSAT + war. There are going to be a long list of challenges, so not just one or the other.
When all of these challenges speed up and interconnect, things begin to become more and more unstable.
So for stocks I would expect a decline all year similar to what we've seen throughout 2022 (generally speaking)(similar meaning look at the 2022 historical data closely as some increased and most decreased). I expect at least 2 years of unwinding (decline).
However, GSAT is tricky in a sense where it might flash dip on recession news (just an example), then fly back up on a massive increase in war news by 2023-03-22 (just an example). So I would consider reentering GSAT around 2023-01-29 to 2023-02-16, just before the outdoor warmer weather war activities increase.
Often in times of was the communication towers can be disrupted in certain areas, so it seems like GSAT could rise during harsh war times.
The recession can pull GSAT down (dip) first (prior to warmer weather war activities increasing) though. I expect the recession data to pull it down then war activities to bring it back up before 2023-09-09.
(Please let me know if any of this is unclear too. I ended up seeing your comment here just now very late after bed time. :D I exited at $1.81 and entered at a very low price. I really like GSAT though, so I'd like to catch it for a new entry on a recession-housing-crisis-worsening type dip, before war worsens for the 2023 year too. )