Very BullishI will update more but GSAT is the provider for Apple's satellite services which is being used to promote new phones sales. This has been getting more press with the climate disasters and its use getting emergency help when the cell towers are down. Apples investment is approx 1.1 billion dollars so far.
GSAT also owns a prime piece of FCC spectrum and has teamed with Qualcomm to integrate a new satellite modem into everyday cell phones providing high speed data between ground stations and the lower bandwidth satellite link.
The stock seen a recent major gain and I suspect it to pull back some before investor day being held in Dec at which point I expect it to see another gain on the press.
I have been selling puts on bottoms that would result in a assignment price below 1.00 and working calls on large upswings. Holding LEAPS into 2027 and stock. Closing half of 0.5C's when +100% and exercising a few of the remaining one's to bring down the average stock price and selling the balance at profit. Currently holding Nov 4c's that are up over 700%.
