Iridium Communications Inc (NASDAQ:IRDM)

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  • camaro69: $IRDM Near ATH
  • MongosPawn: $IRDM Trying to breaking out. Took a starter.
  • MongosPawn: $IRDM @scottrades Any thoughts on taking a starter here this morning?
  • scottrades: @MongosPawn $IRDM Good volume to start. Looks news related. Wouldn't want to see it break to the Low Of Day.
  • scottrades: @scottrades $IRDM Here's the news
  • MongosPawn: @scottrades $IRDM Thanks for the quick response!
  • Docoof: $IRDM NH
  • Docoof: $IRDM hod/1-yr high
  • Docoof: $IRDM NH
  • Docoof: $IRDM New 1-yr high
  • DAN: $AVEO is also breaking out. Tickers from last night: Stocks on your hot list: $AMR -- Setting up really well. A jump to $160 puts it within 15% of 52-week high, which is important. $HAE $VRTX $UNM $NBIX $CECE -- Alert $9.90 $AVEO -- Alert $9.90 $IRDM $IONS -- Alert $47 $TXRH -- Target $110. Alert $95.00 $DINO $CEIX -- Alert $71.80
  • DAN: My Notes: SS 101322 COTD: Here’s your trade on Tesla ($TSLA) $SPY -- Big reversal. Bear markets don’t reward selling down gaps….or breakouts. $DIA -- short term double bottom. $QQQ -- Reversal Active Trade List: $TBT -- working. $TWNK -- buyable here. $LLY -- still stuck…but working. Stocks on your hot list: $AMR -- Setting up really well. A jump to $160 puts it within 15% of 52-week high, which is important. $HAE $VRTX $UNM $NBIX $CECE -- Alert $9.90 $AVEO -- Alert $9.90 $IRDM $IONS -- Alert $47 $TXRH -- Target $110. Alert $95.00 $DINO $CEIX -- Alert $71.80
  • Docoof: $IRDM Getting a boost from SpaceX and making a new 1-yr high today into the close at $48.69. Approaching an ATH at $54.65. https://www.prnewswire.com/news-releases/iridium-announces-ninth-spacex-launch-301619659.html
  • Docoof: #SpaceX Iridium Communications ($IRDM) Announces Ninth SpaceX Launch $IRDM today announced that it has reached an agreement with SpaceX to launch up to five of the company's remaining ground spare satellites from the Iridium® NEXT program, on its Falcon 9 rocket. https://www.prnewswire.com/news-releases/iridium-announces-ninth-spacex-launch-301619659.html $IRDM Big pullback yesterday on huge volume and bounced off the 50d. Didn’t close well.
  • woodman: $IRDM - pullback to test breakout this week. Watch for phase 3 move up.
  • woodman: $IRDM working on another flag.
  • woodman: $IRDM up out of flag
  • woodman: $IRDM $STM - flags
  • woodman: $IRDM - yesterday was a good buying/adding day. The pullback lasted only a couple hours, demonstrating immediate support.
  • Docoof: $IRDM moving out of 6 month base pm and above the cluster of MAs
  • Docoof: $IRDM big breakout from a 6 month base
  • woodman: $IRDM - haven't found news to explain the big gap up to top of/out of 6-month base, but could be new support. Np.
  • woodman: @woodman $IRDM - I now see @Docoof mentioned this morning as well.
  • woodman: @Docoof $IRDM $AAPL Thanks.
  • Docoof: @woodman $IRDM — Yesterday TFI Securities analyst Ming-Chi Kuo put out a research report on $AAPL and then William Blair highlighted the relation $IRDM has to $AAPL in Kuo’s report. He thinks Apple may “embed $IRDM connectivity in iPhones down the road.” “Iridium has discreetly dropped hints at four different investor events that it is pursuing embedding its LEO satellite connectivity into smartphones,”
  • Docoof: $IRDM hod 45.93
  • woodman: @Docoof $IRDM - liking this one.
  • Pokersmith: @woodman $IRDM nice launch today
  • traderdl: $IRDM flag b/o - SAT rumor with new iphone
  • Docoof: $IRDM not done yet — hod 46.52
  • woodman: $GSAT - In discussions re $IRDM, I'm surprised no one (me included) mentioned GSAT today. In company news, Globalstar (GSAT) skyrocketed more than 63% higher following an Appleinsider report the new Apple (AAPL) iPhone 13 equipped with Qualcomm (QCOM) X60 chips will allow users to make calls in dead zones by connecting with low-Earth orbit satellites. Shares of Globalstar rival Iridium Communications (IRDM) also were climbing over 10% on speculation Apple will partner with it - rather than Globalstar - for satellite connectivity.
  • woodman: $IRDM - moving up past top of a 5.5 month channel/base. Started a position yesterday, added a little more this morning.
  • woodman: $IRDM weekly chart.
  • JosephM: $IRDM..alert. What caught my eye was 8 days to cover.
  • Ajax4Hire: @scottrades $IYZ $TMUS-TMobile finally subsumed $S-Sprint and showing real promise as a competitor to stalwart $T, $VZ. Additionally, 5G is a real thing now. You can buy 5G phones and more importantly; 5G technology could supplant or replace $CMCSA,$CHTR as Internet Service Provider to the masses. Yes, use cellphone for home internet. Hold% $IYZ iShares U.S. Telecommunications ETF - Top 15 holdings 23.29% $T AT&T Inc. 22.39% $VZ Verizon Communications Inc. 4.90% $ANET Arista Networks, Inc. 4.72% $GRMN Garmin Ltd. 4.58% $CSCO Cisco Systems, Inc. 4.58% $MSI Motorola Solutions, Inc. 4.40% $TMUS T-Mobile US, Inc. 3.85% $LUMN Lumen Technologies, Inc. 3.32% $FFIV F5 Networks, Inc. 2.85% $LBTYK Liberty Global Plc Class C 2.54% $JNPR Juniper Networks, Inc. 2.34% $CIEN Ciena Corporation 1.88% $LITE Lumentum Holdings, Inc. 1.30% $IRDM Iridium Communications Inc. 1.12% $LBTYA Liberty Global Plc Class A Data from: https://ETFdB.com/etf/IYZ/#holdings
  • MarketMaster: $IRDM took a big tumble on heavy volume. But up a little on AH. Any news? I don’t see any.
  • DAN: The next magical trick for Cathie Woods -- manager/originator of Ark Invest (flagship ticker: $ARKK...which I have a small position in) is not going into outer space. I'm reading the firm just yesterday filed to launch a space exploration ETF. The following stocks are the most likely to be in that fund. $SPCE $MAXR $SRAC $NPA $VSAT $IRDM I'm sure there will be others, but those seem to the the obvious ones. They are all up bigly today, and none of them are (in my opinion) buyable right now. But still...something to watch. --Dan
  • jschibal: @DAN $ARKK $SPCE $MAXR $SRAC $NPA $VSAT $IRDM - Probably some $LMT as well as they recently bought Aerojet Rocketdyne.
  • bRobert: @DAN $ARKK $SPCE $MAXR $SRAC $NPA $VSAT $IRDM Her funds or several of them eg $ARKK seriously outperformed 200% An A team of power house stocks in the holdings She is a very smart investor
  • lostsheep: @DAN $ARKK $SPCE $MAXR $SRAC $NPA $VSAT $IRDM $MAXR has been strong but this news put it in orbit
  • emi: @DAN $ARKK $SPCE $MAXR $SRAC $NPA $VSAT $IRDM Listened to ARK December webinar and I forget the analyst's name but he was saying that when $SPCE hyperspace travel becomes less costly, he thinks there'll be demand. So I bought and planned to sit on it for a long while.
  • Cheezit: @emi $ARKK $SPCE $MAXR $SRAC $NPA $VSAT $IRDM Im with ya emi. Overweight from $17 with some small profit taken and the remaining on a stop slightly above even. I'm trying to practice holding winners ( for a long time) and at the same time I love all things space so its kinda fun to watch. God Speed.
  • tnt: $IRDM at a hold my nose and buy moment at the 50 day ema. Leading space name with enormous moat.
  • tnt: $IRDM I am buying at converging trendline & 50 day ema support.
  • bsafriet: $IRDM 50% Fib retracement has held and we have a nice bounce today. Opened 1/2 position at $23.15. Low risk entry (if there is such a thing in to this market!)
  • GOOSE: TRADES: $IRDM STC STOCK @27.40 Lost .38 $IRBT BTC 5/3/19 105.0 CALLS @.95 Profitable though. $IRBT STO 5/10/19 110.0 CALLS @.70 Covered
  • bsafriet: $SBUX $ATHM $IRDM $OLLI $PYPL $OKTA $LRC X $PFPT $AYX $CGC $IIPR
    As I was reviewing my accounts early this morning well before the open, I discovered that I was significantly overextended/margined in one of our accounts. Even though I had sufficient ...
  • steve71: $IRDM Iridium moved to ATH in the last few minutes. 85% of the globe has no phone or internet connectivity. $IRDM is activating its new NEXT satellite system for worldwide broadband and data (satellite phones). Also using those satellites for an aircraft tracking system called Aerion. Aireon will take a year for revenue results to ramp. Total 141 satellites. Great FCF for the next 10 years because the infrastructure is nearly complete. 16% growth in 2018. Like American Tower but 485 miles up. ER 4/23.
  • spmeyers: @steve71 $IRDM likely going higher but hard to buy now; hopefully will pull back
  • rachel: ...
    $IRDM – satellite service. 10-20% Rev Growth. Losing money.
    $MLNX – How could I buy this here? I couldn’t.
    $LB – might be coming out of a base, but this needs more time to develop. Cannot call it an “uptrend” yet ...
  • bwcarnation1: $IRDM holding up
  • bRobert: $IRDM Following np yet. Will look for lower risk entry on pb/b or phase 3 continuation
  • greenpatrol: @Champ $IRDM Take a look at Iridium. Might interest you. The CEO is presenting at a Deutsch Bank conference on Oct 3rd.
  • greenpatrol: $IRDM Triggered an inside week and up at 17.00. Long. @bRobert & @Lou Good to see you both back.
  • champ: $IRDM ---- Take a look ....running.....
  • champ: $IRDM ..Satellite company.... and they have they 70 satellite in-orbit....running on a upgrade....that this is a double...the analyst said...was on #FoxBusiness.
  • bsnceo: @champ $IRDM #FoxBusiness I think this is the satellite company that keeps their satellites in low orbit around the globe
  • grcjr: $IRDM a tech ticker I watch. Up on earnings. Breakout to new high.
  • Vehid: $IRDM What do you folks think of this? Is it time to add? Thanks! #newbie
  • captron: $IRDM - I am adding to my position. This is slowly trickling up with some pretty high short interest. I also believe they are the best in the telecom satellite world. Check them out.
  • inthesticks: $IRDM Looking to add RHRN to position started a few weeks ago. Been moving up steadily for last 3 weeks and now trying to hold above the 50MA for the first time in 2 months. Weekly chart looks good. ER 4/27.
  • Aragorn: @newbietrader15 $IRDM yes low risk it is trading in a channel see the attached chart. If it breaks below it get out. 50 SMA support daily chart and potential bad news is gone from the successful launch of their satellites from a space X launch. 2/22 earnings lots of time for this to go up 2 bucks tot he top of the channel providing it does not fail here. No position yet
  • newbietrader15: Would anyone consider $IRDM being in a pull back while it bounces off the 50 day MA viewing it as a low risk entry point?
  • PhilHarmonic: @newbietrader15 $IRDM Lots of down days on above average volume. Looks like it might try to bump the 200dma. This bounce off the 50dma could be a short term oversold bounce. Lots of overhead resistance in the 11.5 area. Doesn't impress me.
  • newbietrader15: @PhilHarmonic $IRDM awesome, thanks very much for your feedback, much appreciated.
  • captron: $IRDM - Sitting right at the 50sma. Watch for the bounce. They still have a high short interest.
  • issues: @issues $IRDM Mine is $10.15. Probably a little high. Should be $9.49 but I'd lose too much... so I will just let it go at BE.
  • issues: Anyone still holding $IRDM? Where is your stop? stopped out at $10.15
  • captron: $IRDM- Adding back to my position. Short interest has decreased to about 18 days of covering. They had a successful deployment of the satellites Saturday.Looking for more news stories to drive the price up.
  • captron: $IRDM - Selling half my position. Don't want to be holding a bunch if the SpaceX rocket blows up tomorrow.
  • bnnybklyn: @captron $IRDM lol...good thinking
  • captron: @bnnybklyn $IRDM My thinking is if the rocket launch is successful and the stock goes up on Tuesday, the high short interest will start to cover and there will be time for all of us to get in.
  • sierramp: @greenpatrol $CLVS $CSTM $IRDM $RTN $TSRO Were you stopped out of $TSRO? I'm considering a stop at D50.
  • issues: @sierramp $CLVS $CSTM $IRDM $RTN $TSRO Thanks for your post. I posted this above: I got stopped out of $TSRO at $142.40 and $RTN $145.76 small profits in both. Still holding $CLNS $CLVS $VALE & $AA. I wonder about that $TQQQ dropping it's price in half- 72 points. What's that all about?
  • greenpatrol: @sierramp $CLVS $CSTM $IRDM $RTN $TSRO Yes, I got stopped out of TSRO for a small gain. Pretty annoying. Am still in $CLVS and now using the 8 dma as my closing stop
  • greenpatrol: @issues $CLVS $CSTM $IRDM $RTN $TSRO CLVS stop is currently at 46.45 (10% from the high bid), TSRO stop is now at 142.17 (5% from the high bid)
  • issues: Stops in place for these babes: $CLVS $45.90 $CSTM (4% TS = $6.28) $IRDM $10.15 $RTN $145.84 $TSRO $142.96. Are they too high, too low, or just right? Anyone care to share where their stops are?
  • captron: $IRDM - SpaceX has tweeted they have moved the launch of Iridium's satellites to Jan 14 at 0954. If I am still holding shares, I will be taking at least half off the table. Not sure what it will do on the run up to launch date. Its active today.
  • greenpatrol: @issues $CLVS $CSTM $IRDM $RTN $TSRO I have positions in $CLVS (10% trailing stop) and $TSRO (5% trailing stop)
  • issues: @greenpatrol $CLVS $CSTM $IRDM $RTN $TSRO Thanks. So what price are they now? 5% from what price???
  • captron: $IRDM- I think if it makes it above 11 and holds it will be safe to add to my positions.
  • grcjr: @captron $IRDM $GSAT - The news: $IRDM earnings anticipated 2/23. COO Form 4 sold 117,952 shares at $9.60. CFO sold 132,123 shares at $9.60. Lot's of reasons insiders might sell but I consider this a probable negative. On a possible positive side, Space X set to return to flight Jan 8. Seems like a binary play. $IRDM is likely to jump on the launch but which way. I've also been looking at $GSAT but missed the recent move.
  • Larryzz: $IRDM #Stop. I bought a small position in $IRDM at $10.60 this morning. I'm already up 3%. Dan suggested a tight stop of 3% but I've also heard him say that as soon as he can put a stop in that gets him even, he likes to do that. So my question is 3% stop on the buy price, or 3% stop from where it is now?
  • Bridget: @Larryzz $IRDM #Stop Since the stock is already up 3% I would use a trailing stop.
  • issues: @Larryzz $IRDM #Stop Our stop is $10.18 just below our buy price of $10.55
  • captron: $IRDM - Started a position. If this keeps going , the shorts should start covering.
  • issues: @captron $IRDM stops?
  • PJMR11: @captron $IRDM Size of shorts?
  • captron: @PJMR11 $IRDM I am showing 34 days of covering right now.
  • Aragorn: @captron $IRDM I was just looking at this as well as this is an IYZ component and the 3rd highest percentage gainer in that etf today and a 3 bar pullback on an uptrending stock and ready to make new highs, Nice get Cappy
  • captron: @Aragorn $IRDM I gave it a little wiggle room.
  • champ: $IRDM the News today is ...that Space X is going to launch 10 satellites for them on their Falcon 9 rocket....Space X is aiming for 1/8 but still needs approval.
  • Aragorn: @champ $IRDM thanks Champ
  • bigbartabs: @champ $IRDM ... 10 satellites... it used to be in prior decades that a signal took up to 2 seconds to the bird, and then same back down... making phone conversations extremely awkward. Telecom must have really improved their switching speeds in that loop to make satellite voice and data comm fast enough to pacify customers.
  • fuzzball: @bigbartabs $IRDM - If you look at the right time you can actually see the sun reflect off these things. Think they call 'em "iridium flares". Pretty cool stuff...take a look for the ISS too. Easy to see it cruise over. http://www.heavens-above.com/
  • DAN: @issues $IRDM $CLVS $FSFR $CLNY $NRF $NVDA Looks like you got some nice stocks there, issues. Congrats. 8-)
  • issues: I expected the market to drop today from profit taking from last year. BUT NO! Not what I expected. So I bought the following: $IRDM $CLVS $FSFR $CLNY $NRF. Thanks Lou for the info that on the 10th of Jan NRF NSAM & CLNY will combine into one so they are zooming up. $FSFR pays good divies and is appreciating. Thank you Mr Champ for the info on $IRDM - shorts are covering. I shorted $NVDA as Citron suggested (target low 90’s)
  • issues: @DAN $IRDM $CLVS $FSFR $CLNY $NRF $NVDA I really have to give credit to the Forum. More and more I am moving according to the collective minds or some very successful folks here in the Forum. Dan, thanks for your tip on CLVS. I bought more and put in the stop at $39.50 (moved up a little.)
  • coldevinc: @fuzzball $IRDM I have a engineer buddy at LHM and he says the same thing. At sunset you can see them. I never have.
  • Gary: ...
    COTD: $IRDM – SpaceX set to launch 10 satellites for IRDM. Found the cause of the explosion. 30% of float is short.

    $SPX – selling pressure. Tough to see this breaking out. Focus on getting off to a good start…not a quick sta ...
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Stock Price $27.40
Change 5.14%
Volume 1,571,580

Iridium Communications Inc. provides satellite voice and data communications solutions with coverage of the entire Earth, including oceans, airways and Polar Regions.

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