Can't be held down for long

[admin]

Well, it was always going to digest that spectacular rise from $1.5 to $4 in just two months, but any dip is firmly bought so fast that we actually missed the opportunity to add to our position this morning.

Half an hour into trading day and we're already close to 1M shares traded, just under the average daily volume...

We'll have an article out explaining why Pareteum is a potential multi-bagger pretty soon..

[Cann]

Will that article be published here, admin?

Multi-bagger, on what sort of time frame are you thinking?

[admin]

Hello, welcome aboard by the way. The article is submitted at Seeking Alpha. We think the stock is valued in the order of 1-2x 2021 sales, that could be 5-10x sales when we approach 2021, and we think that more people are starting to realize this, given the eagerness with which these dips in the share price are bought..

[admin]

Hi Mike, wecome aboard!

Yes, the short count has been gone up but despite that, the rally has been very strong and so far every dip is bought. It's not that surprising for a stock that has rallied so strongly to have an increasing short count.

Twilio (TWLO), which can be considered as Pareteum's big brother has an even higher short count at 13%+ of the float.

While I do not expect the stock price to go up in a straight line, I think the fundamentals are very sound..

[admin]

You seem to be doing fine with the board format, Mike. It's not unusual for a stock which went up a lot to have an increasing short count. While we're unlikely to move up in a straight line, I think the fundamentals are such that it's difficult to not see this significantly higher still by next year.

[Cann]

The dips are still being bought, it seems like many people are waiting for a dip to add or open a position. This is still not a household name for many investors, and there are not that many SaaS companies selling at 3x sales.

[Cann]

Interesting morning, the shorts threw big blocks in the markets, momentarily knocking it down to $3.72, but buyers stepped in pretty quickly despite major lumps at the ask. This thing is difficult to hold down as this thread has it, haha.

[admin]

Will that article be published here, admin?

Multi-bagger, on what sort of time frame are you thinking?

Sorry I never got back to you, the article is here. I think it could well be a $10+ stock next year.

[admin]

Bit of a dip in a number of tech names that have rallied strongly of late, TEUM amongst these (-6%), as well as another favorite in the SHU portfolio BLFS (-11%) and TTD (-6%). Also others, like ZS (-6%), AYX (-9%), and of course TEUM's big brother, TWLO (-9%) so this isn't necessarily specific to TEUM.

[Cann]

And if much of this is caused by shorting they will have to buy these shares back at some time..