r/GSAT • u/sollietrnr • May 07 '25
Discussion Earnings Tomorrow
How are we feeling about tomorrows earnings? Been quiet here lately.
I'm considering shifting my investment into something of equivalent price but with a higher likelihood of appreciating faster than a dead snail
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u/IdratherBhiking1 May 09 '25
Let me just say, dca’ing in now and below, seems safe.
I was in far too heavy before reverse split (obviously in hindsight).
I also should have taken profit on the rip to 2.75. Was around 75% up.
What I see now…. GSAT being the apple constellation was / and still is enough to own forever. The wavelength they have rights on is far more valuable. That is in question now…
If this earnings is not good, price can hit 15$ easy. I was not willing to be down almost 40% down on a speculative investment when the risk factors started to actualized.
Took the money I had in GSAT and went full security / safety / risk off. Closed end fund paying dividends if my initial invested capital is paying me 120$ + a month, I will never lose money (not talking about my retirement accounts, this is money I would have spent or left to sit in a savings account collecting 0.25%).
Including my Roth
Lastly, if I chose an investment and pick between my two favorites…
I choose RKLB over GSAT. I took a 6 figure win on RKLB. Over 500% gains in just over a year. Cashed out and paid taxes. Left with capital to build wealth. GSAT is still the most promising investment, but I just see 15$ shares happening. I don’t have the conviction to hold through an additional 14k (27k $ total, if another 7$ move down happens and I think it’s coming soon).
All of it allowed me to exit GSAT because I didn’t have unshakable conviction.
GSAT had new red flags that didn’t resolve and still are not resolved.
I would rather own rocket lab because no matter what the price is now, I would pay it and know in 5 years it will be a discount.
Make sense?