Towerstream, a micro cap, emerging utility, has broken out today. The stock has broken resistance going back to October where angry shareholders (about 10 million shares) should be completely out now. There is small resistance at various price points into the low 5's. But nothing heavy like we just went through. Jeff Thompson, CEO, is giving a presentation tomorrow at the Deutsche Bank Media and Telco Conference 3pm. What we will be looking for is how the core business is doing and some color on how well Daily Deals are helping people sign up for Smart-Fi (Not sure this is going to be huge business). Also, we are looking for the puts and takes of the Multi Family dwelling units biz (lots of potential here) and temporary Wifi business for one time events and construction sites. But, I don't suspect we will hear anything on this, the holy grail for Towerstream is the mobile offload business that has yet to pass, but I suspect Sprint and the other smaller carriers will sign up soon. News of a deal of this sorts will send shares into the mid to high single digits.
JWells.
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