mi904gm

GSAT ready to break out

Long
AMEX:GSAT   Globalstar, Inc.
GSAT has formed a double bottom and the down trend line has been broken and is currently back testing the now support line.
Info is good, Q report showed =.01 cent profit / share as apposed to projection of -(.02 ) cent / share.
Massive short position could get squeezed soon.
Performance this week is 13% performance this month is 29%
my target is $2.50
Market maker has been supporting the rise.

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