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You can kind of smell that big institutional money flowing in.
Two MMs are sitting at $5.27.
That sharp V shaped dip proved that the support at $4.20 was very strong. Nice base for the next leg up. I think it might hit $5 by the end of the week (if not today).
Up she goes!
The MMs seem desperate to hold this under $4.10, but the $4.10s keep getting slapped.
I bought it at $3.95 after my $3.94 bid wouldn't fill.
Lots of green days on the horizon.
Should have waited a few more minutes.
I had a bid in at $3.94, but it wouldn't fill . So I slapped the ask for $3.95 for another 200 shares.
I had a bid in at $3.94, but it wouldn't fill . So I slapped the ask for $3.95 for another 200 shares.
Yep, I agree. And I think TEUM should be fairly immune to whatever happens with China. Personally I'm glad that Trump is playing hardball with China. Either get a good deal or get no deal. There are plenty of other developing countries we can do business with besides China. If we buy our Nike shoes or our TVs made in Viet Nam or Indonesia instead of China, who cares?
Yeah, I like this. I picked up another 176 shares at $4.26.
No actually, this just came out today, with an analyst reiterating his BUY opinion and his $9 price target:
Analysts Say Pareteum (TEUM) Stock a Strong Buy as Earnings Impress
Jon Hadad-May 9, 2019, 9:33 AM EDT SHARE ON:
It takes a lot to impress Pareteum (TEUM) investors these days.
The provider of mobile networking software and services released its quarterly earnings report on Tuesday, showing strong growth in both revenue and EPS. Revenue grew more than 400% since this time last year, beating analyst consensus revenue by more than 20%. The company saw EPS rise more than 17x, beating consensus by a wide margin. Management also raise guidance by nearly 10%, signalling to investors the company is optimistic that things will continue to get better. In reaction, Pareteum stock fell nearly 4% in Tuesday’s trading session.
Nonetheless, Maxim analyst Allen Klee reiterates a Buy rating on TEUM, with a $9 price target, which implies over 90% upside from where shares are currently trading. (To watch Klee’s track record, click here)
With the first quarter beating Wall Street expectations, Klee says Pareteum’s performance “supports [his] view that [the company] has hit an inflection point of becoming a much larger and more profitable company.” While organic growth was only 33%, the company’s acquisitions (including Artillium and iPass) “have been integrated and most synergies have been fully captured,” helping revenue surge.
And while current performance is strong, Klee believes Pareteum’s future looks just as solid. He highlights connections, which he calls a “leading indicator of future revenue growth,” rising 441% since last year to 12 million. Furthermore, existing customer continue to buy more services from the company, as dollar-based net expansion rose 144%, indicating that once Pareteum lands a customer, it can expect to generate revenue from that customer in the future.
Another positive is the company’s three-year contracted revenue backlog. Currently at $938 million, Klee says this provides “very good visibility for future revenue.” The company converted more than 100% of its backlog for Q1, much more than the expected 75% -80%, as Klee believes “these results support our thesis that Pareteum offers a simplified solution to connect clients to networks, which is driving market share gains.”
Looking ahead, the analyst is raising his 2019 and 2020 estimates “based on strong momentum,” while believing that “demand for Pareteum’s solutions comes from a compelling, one-stop-shop” for network connectivity. Klee also expects the company to grow organically, but also through its Artilium and iPass acquisitions. Overall, Klee expects “the stock to get revalued at higher levels” as “Pareteum transforms into a larger and profitable SaaS and communications service provider.”
All in all, despite yesterday’s fall, Pareteum stock is on a roll so far in 2019, up 180% in less than five months. Analysts are excited for the company’s future, and the recent earnings report shows reason why. TipRanks analysis of five analyst ratings shows a Strong Buy rating, with all five analysts recommending Buy. The $8.00 price target represents a 71% increase from current levels. (See TEUM’s price targets and analyst ratings on TipRanks)
"Flat bill baseball caps" :)
Maybe he hangs out with Vanilla Ice in his 5.0
I now have 3580 shares. I'll think about selling some when it's over about $5.50
And added a bunch more at $4.24
I added a bunch at $4.35
The 23.69 minute chart, which I like to use because it shows the quote unquote story of the Dr. Dre, shows we have entered into a temporary fudge tunnel blockage, highlighted by pine nuts and corn, reflected by the sarcastic sporadic orbital octal twirl pattern, which always precedes the always very uplifting Double D trampoline bounce pattern.
Tomorrow, the seismic tremors of future earnings growth will cause an inversion of the aforementioned fudge tunnel situation, causing a notable change in the trajectory and vector of the angle of the antenna.
I have no idea, but I think some people assume dilution is necessary to pay for acquisitions. And that's probably why today's PR was greeted with a slight pullback. We can just keep an eye on the number of shares to find out if there actually was any dilution. If what the acquisition adds to the company's total value equals or exceeds whatever dilution it took to pay for it, then the shareholders haven't lost anything. It would only be a worry if it was proven that they way overpaid for it, or if the company they bought had tons of debt or some sort of bad baggage that got pulled in along with it. I think TEUM knows what they're doing, and the acquisition is all part of their strategy for growth.
I'm holding strong, and still in the green. Yeah, this is going to continue heading up. Little pullbacks here and there, but mostly up up up. If a little dilution pays for an acquisition that makes the company stronger and able to grow bigger and faster, I have no problem with that.
A long while back they were funding for the infrastructure to handle big data. They share the same address with Alchemy. I think they have the big data end of it covered pretty well. Here's a description of Alchemy's Irvine Data Center (with the same address as Vita Mobile Systems). This is taken from cloudandcolocation.com which is a "colocation consulting brokerage company".
Alchemy Communications – Irvine Data Center
Alchemy Communications’ Los Angeles data center is located at 2640 Main Street, Irvine, CA 92614. The data center is located less than 2 miles from John Wayne airport. The facility was constructed in 1989, and is seismically designed to withstand most natural disasters. The data center also provides boardrooms for meeting purposes, office space, and free parking onsite.
Alchemy colocation offerings come in single server, 1/4 cabinet space, half and full cabinet space, and customized caged space. The data center provides 42,500 square feet of total enclosed space that also includes 22,487 square feet of 18 inches raised floors and 14,000 square feet of office space. The facility is regularly audited in accordance with SSAE 16 SOC I type II requirements, and also offers HIPAA and Sarbanes Oxley enabled solutions to its clients. The data center has 24x7x365 access, and provides state of the art security system with video surveillance, 24x7x365 onsite staff, and biometric with card reader security access. The facility uses multi zone, pre action dry pipe fire suppression system including both FM200 and Halon for any fire spark.
The data center is a reliable and fault tolerant N+1 power infrastructure. The power to data center is served through two power feeds from separate power grids from Southern California Edison utility. The data center provides 4 x UPS battery systems in N+1 redundancy from the protection on the power failure that is backed up by 4 x 600 kW N+1 generators with fuel storage for 16 hours of runtime. The cooling and humidity in the data center is maintained through 16 x independent DX based air handlers.
Alchemy’s 2640 Main Street data center is a carrier neutral facility with connectivity options through multiple carriers. The data center offers 100% uptime guarantee, and provides layered 2 dark fiber connectivity to One Wilshire. The data center has diverse fiber entrance into the facility, and also offers full supported Alchemy blended bandwidth options. The data center technical staff provides the support service along with monitoring of network, servers, and other infrastructure.
Alchemy Communications, Inc. provides colocation services, cloud hosting, dedicated servers, and managed services through its three state of the art data centers located in Southern California. The company managed services include monitoring, network security, storage, load balancing, video and audio streaming, applications management, and disaster recovery services. Alchemy’s public and private cloud features end-to-end fault tolerance, flexible cloud computing, storage, and network services. Alchemy provides managed support services, such as network operations center, server and network monitoring, network services, storage and security services, bandwidth monitoring, and application services. The company provides video and audio web streaming services that include storage, encoding, web site integration, live streaming, on-demand streaming, and detailed reporting. Its customers include radio and motion picture studios, social networking sites, web based businesses, and software companies, as well as manufacturing, higher learning, retail, and government sectors. Alchemy was founded in 1995, and is based in Woodland Hills, CA.
Awesome earnings, just like I'd hoped. Yeah, baby!
You're going to miss out on some possible huge gains tomorrow if you're All Out. I am loaded up.
Added 400 more shares at $4.83. Don't think it's going to dip more than that.
That's what's called "premature liquidation" by the stock doctors.
I'm holding strong because I think it's heading way higher.
My only regret is not buying a little more on the short dip this had this morning.
That letter gives their financials a clean bill of health as far as I can tell. S1 on deck. Getting exciting.
MMs threw up some big walls at $4.98 and $4.99 to keep it under $5 a little longer.
About to hit $5
Yeah, I agree. Easily $5 next week.
Instead of waiting for a Wednesday, that would awesome if they did it on a Monday or Tuesday instead.
Usually there's people dumping on Wednesdays when they realize it's another no news Wednesday. So either that person has run out of shares to sell, or they decided like the rest of us to wait patiently until the news finally hits. We all know it's coming. Their lawyers might be slow, but eventually they'll get it done. I've learned not to hold my breath, but I'm still confident this will take off once the ball gets rolling.
I forgot to include that it did this on a quote unquote 19 minute pattern. You may be wondering what a 19 minute pattern is? It's a pattern that's based on the incubation period of a fruit fly larvae during periods of high tide on the moon Europa, which encircles Jupiter in a cyclically round orbital pattern.
A meandering snake formation has crossed the upside down cake cross formation, leading speculators into a beaver pattern, therefore capitulating to the reversal of the ham sandwich. In short, it went up, then it went down, and tomorrow it may or may not enter into a polar bear Sasquatch inverted substantial anti-reversal sub-sonic rocket pattern.
Sure takes some patience. But when this jumps to a dime and higher, we'll all be very proud of having enough patience to stick it out.
Lots of buying. Ends at high of day. This is going to be a fun week.
Up she goes, nice and steady.
Soon to be over $5
Some goofball painted it down with a puny dump. I guess they're hoping to get someone to panic and sell to them.
Excited to see the climb continue on Monday.