What do you call a company, which has to invest lots of money ( which it does by selling more stock) to just keep up with the current market? VSAT They are in the satellite internet business, focusing on rural areas, which of course is getting mroe compettion as the regular telcos are expanding their 4G internet footprint.. Oh yeah there is also directTV... Right...
Have a long term view on this company that it will ultimately go out of business. 1. Satellite companies require multiple revenue streams to survive - typically, a combination of some/all of: maritime, gov’t, aviation, consumer mobile sat and/or fixed residential broadband. 2. Residential satellite for 12-25 Mbps @ $50/mo WAS a good business prior to LTE,...
Signals: 1-double bottoms on the chart 2-flag with breakout 3-oncoming breakout of 75.00 resistance Buy the breakout 75.00-75.50 Stop-loss 71.99 (-1 tic of flag's low) Targets according to sizing method: 1- 81.00 (r\r ratio 1:2) 2-88.00 (r\r ratio 1:4)
short in cloud/cci and percent r in bottom/get our book on the reasons we watch percent r and cci closely/below 50/below 8 ema goal line/
Out of bollinger band.. it will make a run down a dollar or so to get back in the bollinger band.
Could possibly be breaking out of this triangle. (or could not). The $35 M purchased by insiders within the last month gives me a little added conviction.