Pareteum Corporation (fka TEUM)

[Steponit]

There was a lot of support at certain levels, like 1.54, 1.52, and 1.50. I added some more at 1.53 thinking that it would bounce right back up after giving up trying to get below 1.50. The MM NSDQ was showing huge bids like 34K shares repeatedly, along with a bunch of other huge bids from other MMs. I was really surprised to check later and see that support had been broken. Probably someone had stop loss orders in at 1.50 or 1.49 and once it got to that point, they kicked in, and that caused it to plummet fast. I think this dip is way overblown. The company is a lot stronger than the PPS would reflect. I think it will bounce back up again, but it might be a painful wait. I'm sure not going to sell down here.

Lousy day for this stock, but I'm optimistic this will go up again. Another stellar Q report will get this right back up again.