This has become a very popular post. If you have comments on GTEL or other stocks I’m trying to move this conversation over to BestAsk.net. So let’s continue there!
Alot of talk today about the Economist article about stratellite’s. I think this is going to be huge. It’s basically a super fancy blimp that stays in orbit 13 miles above the earth and has a bunch of antennas on it. It can provide cell, data, pager, and other communication signals for a tiny fraction of the cost of a satellite and if it breaks they can take it down and fix it. Try doing that with a $100 million dollar satellite. It’s also a great deal faster in transmission speed because it’s 13 miles up while satellites are 24,000 miles up.
I’m a shareholder in GTEL and for .13 a share you might want to get in while you can still afford it. Don’t say I didn’t tell you 😉
Update: I just noticed this. The average volume for GTEL is 3 million shares a day. Today 51 million shares were traded