IQNT way overbought outside 2 standard deviations; fundamentally overvalued look for sub $10
IQNT business will not exist as you know it in a couple years, competitors like Tandem Transit, Peerless, Intelepeer will take all margin out of the business, pricing to go down 50% or more, worth only 2x-3x EBITDA = $6-$9 plus a buck in cash, that's it. Long buyers here are detached from the reality of a business with no terminal value.
I have a really good formula for success just by tracking YMB's. When a relatively quiet mb starts attracting an abnormal number of bashers and shorts who are obviously trying to protect their interest by creating fear by spreading half truths and lies, I double down. It works nearly every time. I greatly enjoy you people. A very hearty welcome to the board!
also management has not executed well with a terrible track record at M&A and financial controls, will sell-off eventually is not worth more than cash plus 2x EBITDA in my view, amazed at the move up shorting aggressively here