% | $
Quotes you view appear here for quick access.

Tangoe, Inc. Message Board

  • vpg999 vpg999 Sep 6, 2012 6:27 PM Flag

    TNGO may be a trap short here, Edison Ventures owns Telarix

    that would be a good M&A deal for TNGO, would add tons of revenues and large carrier customers, lots of synergies. But I agree this is a sub $10 stock without more M&A.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I opened a new short position today at $14.94. Easy as fishing.

    • The trading today was pretty ridiculous, and made it really hard to determine where it is going next. The fact that the stock recovered to only a $1 drop was remarkable. I think that was more than covering, although we have no idea how many shares "Copperfield" held short to cover. You also have the fact that StreetSweeper has covered all but 20k of their initial 120k short. They did so in the 16-17 range.

      I honestly thought we would end the day below $15, and possibly below $14. I don't think this trades back above $17 before next earnings, when the veracity of the reports can be determined. If the second part of the Streetsweeper article comes out before earnings, and if it has material information that is different than what is in the two current reports, that could cause another drop. However, I'm skeptical of that, because if SS knew its second part would have more negative impact, why cover 80% of your position? Also, I think SS delayed release of the second part, so who knows if it even comes out.

      In all, I think it is too difficult to determine direction, and so the sidelines seem the least perilous place to be.

8.50-0.02(-0.23%)Oct 25 4:00 PMEDT