Exactly! So the gamble I am going to try is to short next, but since shorts haven't been available since Wed I don't see that as an option!
There is definitely money to be made on this stock due to its major swings daily, hype, PR blah blah blah. It's just hoping you are on the right side of the swing for the day, As I said this stock is not an investment its high stakes poker! Days I feel like gambling and have time to stare at the ticker I will absolutely day trade this again. Seconds can literally make or break you with this stock as many days I have scene the PPS swing $1 to $3 in under a min. As for being a long, well that is just crazy!
Agreed! There is no way a multibillion dollar company for example google doesn't have any connections with high powered people in the FCC or government and know the outcome already of GSAT's future. Whether the FCC is going to approve or decline the ruling I'm sure the decision has already been made. Now they are just doing what the government does, wastes millions of tax payer dollars and time. In the interim if (WHEN) the FCC approves the spectrum a big player would want a head start on releasing their product to sell the day the new spectrum is available!
Sentiment: Strong Buy
If anyone watched the news last week Obama mentioned in a speech that the government was going to be giving billings in money to schools for new computers and hardware. He then followed that statement with they were also going to be working with the FCC to getting high speed connections to the schools. GSAT has stated since the beginning if the FCC approves the new spectrum they would give 100MB of free bandwidth to every school. May be a coincidence but I am thinking the FCC comment was tied to GSAT.
Sentiment: Strong Buy
That is what i am rarely curious about now is where the PPS goes. I'd imagine most people knew this was a pump and dump such as myself but bought and sold based off their well done PR bs. Now that the earnings were reported which basically was more of the same from prior earnings (and laughably worse even with all the new growth) . Can LIVE still get people to believe in their scam ?
Valu as we all can see there is a lot of BS associated with LIVE, but they technically didn't do anything illegal. People are the ones responsible for driving up the PPS by buying into all the coverage LIVE was getting by paid publishing companies all based of speculation. Also by LIVE releasing the 10q on Fri it really covers their #$%$ as they flat out say they are practically broke and make no money. That is the unfortunate lesson I learned in the past with these pump and dumps which usually keeps them out of jail. The company them-self will only post factual statements like the most recent "live" expanded to NY. Then a non affiliated company posts an article saying LIVE can be the next groupon and with the new state expansion LIVE can potentially mAke millions of $. That was a speculative article people bought into, but was not tied to LIVE (or will be very hard to prove they paid the publisher).
Kevin I live across the country and didn't need to look at their office space or even their website to realize LIVE was a pump and dump. What company has an article come put EVERY day about some new app, state, client , explosive growth blah blah blah. I bought in on the gamble back at $10 and got out at$13 early jan thinking $13 was the highest the scam would go. Then again I bought at $14 and sold $16. Then I watched in shock this thing go as high as $25 before the split. Then when the stock started to drop each day I would decide whether to buy or short for the day. After the split did you see any merit for the PPS to double in two days? No it was a scam. The good news is if your still holding who knows where this stock opens on Tuesday. Might be $10 or $2.
Well if that does happen that will make it the 4th attempt since Sept. As We all have scene thus far the negative articles have done the complete opposite of the authors agenda to drive the PPS down.
My thought is the 105th day is Feb 19th. If you read the 40 page document there were the concerns brought to the FCC such as Clearwire. When the FCC announced on Nov 6th people had 75 days to address concerns and the FCC would have a final answer in 105 days. If it is calendar days Feb 19th is the 105th day.
Also what idiot would do that as I am sure even though many of us longs already have a huge amount of shares of GSAT I know I was going to add more at market open before any companies like SA posted an article with Gully's info at $2.40.
I am confused by your posting. Did someone take Gully's info and bring it to SA to look like a hero and in-turn SA is only give GULLY's FCC's findings to their paid subscribers?
Well now that they are in NY I will be the first to check with the advertising restaurant to see if they have the so called "livedeal" special. It was stated by many in the first state the resteraunts had no idea who livedeal was so I'm curious to see for myself it any of it is real. Either way I know it's a scam but is it 99% BS or a full 100%
That's what doesn't make sense! How did no short shares become available since the split and the PPS doubled. There is no way some shorts didn't get margin calls forcing them to buy back their shorts making more available ! It never happened.
I knew it was a scam the entire time, read my posts from the past three weeks. I was just be a greedy pig trying to make more money, but I paid for my greed with a $7k loss yesterday. You can't win every time!
Obviously I am sure you can tell from my current postings I was just trying to save a loss from yesterday's buy in. At market open I my sold my full 1500 shares from the day prior with a nice 30% profit and no longer had a position, I looked at the PPS and saw it down to low $10 and ignorantly figured it was one of the daily bounces which the stock has done pretty much everyday the past month. where it would swing $1 to $2 in seconds so like a greedy fool I bought the largest amount of shares of LIVE EVER owned at once 6900 at MP which avg to $10.20 PPS. Then I see the SA article and realized where the swing came from, hoped I could change the direction and make some money. My greed got the best of me because shortly after my posting the PPS went above $10.30 so I should have sold them all then. Instead I banked on another paid publication from LIVE but instead got the "LIVE" earnings report! I didn't even have to to read it. I put a AH Sell below the current bid at $9.50 so a ask of 6900 shares didn't show inturn driving the bid down. So I placed my ask for 10 cents under the current bid at the time and dumped the turd.
HAHA nicely put! Thayer I don't even hold a position anymore,but if it was available be a short as of the release of the 10Q. I dumped every single share AH after the true value of the company was exposed publicly even though I knew its true value personally while owning it. Don't you find it strange the company didn't announce their earnings report ahead of time? Also they do so at 5:05 PM. From any company I've ever scene they schedule and announce the report at 4PM or 4:30PM. 5:05PM #$%$ ?!?!?!?! That was strategically done.