$I Is A Speculative Buy

$I has absolutely decimated its shareholders over the last few months. The latest news is there's a bipartisan Senate bill proposes limiting the payout to companies looking to monetize C-band spectrum.

The bill would set up a $6B fund to pay expenses and incentives to vacate the bands.

But the C-Band Alliance (led by Intelsat and including SES (OTCPK:SGBAF)) has said the airwaves could be worth up to $77B and calls for spectrum holders to receive "fair value."

Intelsat (NYSE:I) is down 5.9% in after-hours trading, and finished the day down 7.8%. Its shares also fell in November when FCC Chairman Ajit Pai called for a public auction of the C-band airwaves, rather than private auction preferred by companies.

While all of this is negative, what caught our eye is traders bought the dip off $2.72. $I closed the day with a green candle. That's a bullish sign. While we won't load the boat, $I could be a nice trade with proper risk management.

As always, trade with caution and use protective stops.

Good luck to all!