Hey, this is J.B. ;D
I've covered this stock before with nothing but frustration, but we may have something now.
Today, NASA's plan to replace the space shuttle with a spacecraft to take astronauts to the moon and Mars has been approved.
Link: http://www.physorg.com/news6557.html
SPAB has been working to build 3 more spacecrafts. Refer to the link below.
Link: http://www.space.com/businesstechnology/050824_spacehab_apex.html
The news of the approval today I think corresponds to that of SPACEHABS trio of spacecrafts.
The Float is 10 Million, according to Bloomberg.com.
2 Year Chart
3 Month Chart
Well I dont know the stock but I know this man - J.B.
For all newbies to 3SF this is the guy with one of the best calls. So watch his steps.
Curious what led you to change your nick?
I am watching your steps. Keep posting. :)
nice pick, Applaud.
KABOOM
News: http://biz.yahoo.com/cbsmb/050929/ea4136cdc4214d01862898ebeae069bf.html?.v=1
I wasn't patient and sold a couple of days ago! :-\
Low Float = Big Gains.
Is anyone in it? :)
i got in AH last night at 1.38. not looking so good right now.
ouch@!
JB, do you think this really has potential? I've havent seen too many stocks trade uglier than this did today.
Hi,
Stock of the day...
Buy at 0.790
stop loss at about 0.670
news :
SPACEHAB Subsidiary Awarded New $1.0 Million NASA Contract
12/22/2005 1:16:01 PM
HOUSTON, Dec 22, 2005 (BUSINESS WIRE) -- SPACEHAB, Incorporated (NASDAQ/NMS:SPAB), a leading provider of commercial space services, announced today that its Astrotech Space Operations subsidiary has been awarded a new contract by NASA/Kennedy Space Center to provide payload processing services from the Company's high-tech facilities in Titusville, Florida.
The contract, which is valued at approximately $1.0 million, is for the processing of NASA's THEMIS spacecraft. This new mission is part of the indefinite-delivery, indefinite-quantity (ID/IQ) contract that NASA awarded to Astrotech in September 2005 and has a total value of up to $4.9 million.
"We are pleased to be able to support yet another NASA research mission set to answer more questions about the development of our planet and the surrounding universe," stated Jim Royston, Deputy General Manager of Astrotech Space Operations. "With hundreds of successfully processed commercial spacecraft passing through our doors, it is exciting to have continued growth in our government sector initiatives."
The mission, to be launched in 2007 following its preparation activities at Astrotech's facilities, is the Time History of Events and Macroscale Interactions during Substorms (THEMIS) program. THEMIS is a five-satellite mission with the job of determining the causes of auroras, a celestial phenomenon that has amazed people for centuries while often looking into the northern skies. The small satellites will be put in carefully coordinated orbits, and every four days they will line up along the Earth's magnetic tail, allowing them to track disturbances. Currently, little is known about the explosive events that create these particles throughout the universe.
Under the previously established NASA ID/IQ contract, Astrotech is also gearing up to support the STEREO observatory and the Dawn mission, both scheduled for launch in 2006. Astrotech provides all support necessary for the customer to successfully process their spaceflight hardware for launch, including advance planning; use of unique facilities; and spacecraft checkout, encapsulation, fueling, transport, and remote control through launch. In its twenty-year history, Astrotech has supported the processing of more than 230 spacecraft without a single impact to a customer's mission launch schedule.
About SPACEHAB, Incorporated
SPACEHAB, Incorporated (www.spacehab.com) is a leading provider of commercial and government space services with three primary business units. The Flight Services business unit develops, owns, and operates habitat and laboratory modules and cargo carriers aboard NASA's Space Shuttles for Space Station resupply and research purposes. SPACEHAB's Astrotech subsidiary provides payload processing support services for both commercial and government customers at company-owned facilities in Florida and California. The Company's Government Services business unit supports NASA's Johnson Space Center providing configuration management, product engineering, and support services for both the International Space Station and Space Shuttle programs. Additionally, through The Space Store, Space Media provides space merchandise to the public and space enthusiasts worldwide (www.thespacestore.com).
Technicals :
Volume : high volume
Indicators : MACD > 0 and RSI > 50
Chart pattern : trendline breakout
Lots of potential here. I'm buying.
Bid-.87
Ask-.88
Volume-157,000
January 20, 2006 10:03:07 (ET)
DEERFIELD BEACH, Fla., Jan 20, 2006 (PRIMEZONE via COMTEX) -- SPACEHAB, Inc. (SPAB, Trade): According to D. Baker at First Equity Group, Inc., "The company is pursuing a Space Act Agreement for NASA's Commercial Orbital Transportation Service (COTS) Demonstration, a program with anticipated funding of $500 million."
"NASA is seeking a commercial service to provide cargo transportation to and from the International Space Station, and we have been doing a major part of that job for the past decade," said Michael E. Kearney, SPACEHAB President and Chief Executive Officer. "I am confident our proven expertise and established infrastructure in this area, and the versatility that our approach provides, give us an advantage in this competition."
Recent News,
SPACEHAB Enters Race for Commercial Space Station Supply Work
http://biz.yahoo.com/bw/060119/20060119005919.html?.v=1
SPACEHAB Tasked to Support NASA in New Space Station Activities
Business Wire (Tue, Jan 17)
http://biz.yahoo.com/bw/060117/20060117005879.html?.v=1
SPACEHAB Subsidiary Obtains New Business
Business Wire
http://biz.yahoo.com/bw/060105/20060105005832.html?.v=1(Thu, Jan 5)
The company hasn't been able to provide good earnings so far.
I think SPAB may be in a countdown for take off. Trending upward and bouncing off of support to the upside nicely. Looks like traders and investors are starting to take interest again. Last week this billboard won an award, I know it is just a billboard but it really reminds you where humans and Spacehab is headed. Couple that with many other private companys entering the space race and I think we could be at the beginning of a new era.
Spab continues to trend higher. She is having a little trouble busting through resistance but I think this will happen tomorrow or next week. There are no sellers right now and if the buying interest continues to increase we can expect a break of that resistance. I think the trend will continue upwards in anticipation of the 500 million dollars worth of contracts being awarded at least in part to SPAB. Here is the quote. My target would be around $1.50 when May arrives and if the get a substantial portion of those contracts we could see $2.00 -2.50
"The deadline for proposal submission to NASA is March 3, 2006 with one or more awards expected to be announced in May 2006. With a prime bid accepted, SPACEHAB will commence development of its COTS solution, demonstrating its capability to rendezvous and dock with the International Space Station and dispose of or return needed equipment and supplies. According to NASA, the objective of the spaceflight capability demonstrations is to stimulate commercial enterprises in space and lead to innovative, cost effective access to low-Earth orbit. NASA anticipates that upon the successful demonstration of the mission capabilities prior to a 2010 timeframe, NASA will issue contracts to competitively procure commercial services to supply the International Space Station"
POMPANO,I agree and I'm holding for now.Applaud for the update.
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SPACEHAB to Announce Fiscal 2006 Second Quarter Financial Results on February 7, 2006
January 31, 2006 09:45:01 (ET)
HOUSTON, Jan 31, 2006 (BUSINESS WIRE) -- SPACEHAB, Incorporated (NASDAQ/NMS:SPAB), a leading provider of commercial space services, today announced that its fiscal year 2006 second quarter financial results will be released on Tuesday, February 7, 2006 before market open.
SPACEHAB will host a conference call at 10:00 a.m. Central time following the earnings release. During the call management will discuss the Company's second quarter financial results as well as other recent and potential future developments relating to SPACEHAB. To participate on the call please dial 800.289.0569 (domestic calls) or 913.981.5542 (international calls). A taped replay will be available following the conference call until 11:59 p.m. Eastern time on February 8, 2006 at 888.203.1112 (domestic calls) or 719.457.0820 (international calls) via access code 5419074. To hear a replay of the call via the Internet, visit the Investor Information section of the SPACEHAB website at www.spacehab.com. This audio archived webcast of the conference call is available on the Company website for approximately one year.
SPAB is back !! NEWS today !!!!!!! ;D
SPACEHAB Subsidiary Wins $20.0 Million Spacecraft Facility Contract
Tuesday November 14, 9:40 am ET
Additional Spacecraft Accommodations to be Developed in California
HOUSTON--(BUSINESS WIRE)--SPACEHAB, Incorporated (NASDAQ:SPAB - News), a leading provider of commercial space services, announced today that its Astrotech Space Operations subsidiary has been awarded a $20.0 million contract to design and build a payload processing facility for the U.S. Government, Office of Space Launch.
This facility, to be used for pre-launch spacecraft processing, will be located on the Company's existing 60-acre site at Vandenberg Air Force Base and will enhance the West Coast capabilities already provided. Under a firm fixed-price contract with the Government, design work begins immediately with construction commencing March 2007 and concluding September 2009. Under the terms of the contract, the Company will design and construct the facility to government requirements while maintaining ownership and operation of the facility.
"This contract not only gives us the means to support the needs of this latest customer, but helps us grow our operations and service offerings to all customers on the West Coast," said Jim Royston, Senior Vice President and General Manager of Astrotech. The Company currently owns and operates a full-service facility for processing satellites and upper stages at Vandenberg Air Force Base, supporting expendable Atlas, Delta, Pegasus, and Taurus launches from the Western Range. The new facility will include 8,000 square feet of additional capacity that enables the processing of payloads that will utilize up to five-meter fairings.
The Company was awarded a $1.2 million contract in May 2006 to perform the feasibility study and preliminary design for this payload processing facility. The contract called for an engineering and concept development report for a new processing facility and associated infrastructure. As intended, this effort led to the contract award for final design and construction of the processing facility.
Astrotech has extensive experience in designing, building, and operating spacecraft processing facilities. The Company's Titusville, Florida location is situated on a 62-acre tract approximately three miles west of Kennedy Space Center, adjacent to the Spacecoast Regional Airport. This complex consists of nine major buildings dedicated to spacecraft non-hazardous processing, hazardous processing, payload storage, warehouse storage, and customer office accommodations. With over 150,000 square feet of facility space, Astrotech processes virtually all U.S.-based commercial spacecraft at this location and a considerable percentage of government payloads.
SPAB is moving up today. There are rumors that it is the front runner in a $35M NASA contract and that's why they've dropped their lawsuit against NASA. The lwasuit was for the lost of a module duiring the last shuttle accident. This is a 3M float beat up stock. If they get any good news it could bust through $1 in a New York second.
spab is waiting for a contract with the NASA....
watch the chart..its nice