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Post by magnus123 on Dec 2, 2020 19:39:24 GMT
I hope that OBLG will again fall to $4-5. Would be a steal at those prices!
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Post by JHam on Dec 7, 2020 15:57:25 GMT
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Post by magnus123 on Dec 7, 2020 16:05:55 GMT
Yes. It's all just the beginning. Also crazy that there is never a real sell off after an offering. Whats your price? I missed the lows because IB was down... Havn't bought yet.
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Post by JHam on Dec 7, 2020 16:14:31 GMT
Yes. It's all just the beginning. Also crazy that there is never a real sell off after an offering. Whats your price? I missed the lows because IB was down... Havn't bought yet. Oh no that sucks. I bought in a few tranches. Averaged at $5.58. Have another buy order in. The huge spike a few days ago happened without any news attached to it. I’m thinking that someone(s) possibly got word that they were about to announce the launch. Then, got the word that they were going to do one last offering before the launch. Hopefully they are done with raising cash for a while, and getting ready to make the big announcement.
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Post by JHam on Dec 7, 2020 16:45:49 GMT
Glad I re-read this article. Now I remember why I was so excited about OBLG a few months ago. Shifting to a SaaS company, eliminating the need to have to buy hardware, and allowing the Mezzanine experience from home instead of the office, is surely going to reshape things. It will expand their customer base by multiples upon multiples, and they’ll really be able to take advantage of this by switching to recurring revenues.
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Post by JHam on Dec 7, 2020 17:36:24 GMT
Doubled my position. Averaged at $5.70 now.
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Post by JHam on Dec 7, 2020 17:57:09 GMT
And added another chunk. Averaged at $5.83 now. May keep adding as long as I keep my average under $6. Getting this offering out of the way may have cut the chains off.
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Post by JHam on Dec 7, 2020 18:35:51 GMT
Good slide from the last OBLG corporate presentation from a few months back. $1-2B addressable market. 10x growth for Mezzanine from the current level with the new cloud offering.
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Post by lcd on Dec 7, 2020 18:40:45 GMT
magnus and JHam, I am just starting to look into Oblong now. Why did their net loss increase this year over last year when their revenue and gross profit margin increased?
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Post by magnus123 on Dec 7, 2020 21:47:41 GMT
magnus and JHam, I am just starting to look into Oblong now. Why did their net loss increase this year over last year when their revenue and gross profit margin increased? Oblong merged in October last year with Glowpoint. Therefore, the year over year changes are being compared to Glowpoints results in Q3 of last year. Two totally different cases.
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Post by magnus123 on Dec 7, 2020 21:48:33 GMT
Doubled my position. Averaged at $5.70 now. Nice. I missed it all and have an average at $5.90... but i need a lot more shares here.
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Post by JHam on Dec 8, 2020 1:56:43 GMT
Doubled my position. Averaged at $5.70 now. Nice. I missed it all and have an average at $5.90... but i need a lot more shares here. I think you'll have some more chances. I probably won't add any more unless it heads to the low $5s or under.
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Post by JHam on Dec 8, 2020 6:43:48 GMT
I’m not a big Jim Cramer fan, but this breakdown of Zoom’s Q3 earnings on his show is right on the money in my opinion. Zoom continued to expand their customer base and posted great numbers, but the pps took a dump. Very likely because Zoom hasn’t discussed what their next level is and what they’ll look like in a post-COVID world. That’s where OBLG comes in. They have the serious potential to make Zoom obsolete and take over a huge share of their user base. They also talk about the massive enterprises in the sector (Microsoft, Google, WebEx, Cisco, etc...) and the recent Salesforce takeover of Slack. I would not be surprised if OBLG is already fighting off some offers from some of these big boys who have seen the new work-from-home Mezzanine. I hope OBLG management can hold them off until after it launches and after they have a few quarters under their belt. It’s almost like an IPO. www.cnbc.com/video/2020/12/01/jim-cramer-on-zooms-third-quarter-earnings-results.html
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Post by magnus123 on Dec 8, 2020 8:22:42 GMT
Nice. I missed it all and have an average at $5.90... but i need a lot more shares here. I think you'll have some more chances. I probably won't add any more unless it heads to the low $5s or under. We thought that about CLSK as well, right? But i also believe that we will see something below $5.50 at least. I hope so.
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Post by JHam on Dec 8, 2020 10:17:59 GMT
I think you'll have some more chances. I probably won't add any more unless it heads to the low $5s or under. We thought that about CLSK as well, right? But i also believe that we will see something below $5.50 at least. I hope so. Haha! True, but at $37M OBLG is right around the same market cap that CLSK was before it took off (if I remember correctly). I am hoping that it dips down again since I finally have cash again to play around with (thanks CPAH).
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Post by JHam on Dec 8, 2020 10:53:08 GMT
It’s probably kind of obvious but it makes sense now to me, why ZM tanked on fantastic Q3 ER while OBLG spiked. The market thought that either a) Zoom would go obsolete and OBLG will take its place in the future or b) The reason why the CEO of Zoom didn’t discuss their few generation Zoom was because he is in talks with OBLG, and therefore can’t discuss it. Which actually makes sense. I mean, to Cramer’s point, why else would you not lay out your plans for the future when you know very well that there is so much competition breathing down your neck from the big enterprises?
Speculation on my part, but it makes sense.
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Post by magnus123 on Dec 8, 2020 12:44:14 GMT
Haha! True, but at $37M OBLG is right around the same market cap that CLSK was before it took off (if I remember correctly). I am hoping that it dips down again since I finally have cash again to play around with (thanks CPAH). Yes, CLSK had this kind of market cap before it skyrocketed. I would love to see a dip to $5-5.30. The CPAH acquisition appeared with a good timing, at least.
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Post by JHam on Dec 8, 2020 13:26:07 GMT
Blog from a few weeks ago: www.oblong.com/blog/whats-brewing-at-oblongWhat's Brewing at OblongIf you’ve followed Oblong for some time, you know we thrive on creating interactive experiences for teams to connect in physical and virtual spaces. Our flagship product, Mezzanine, is a genre-defining solution for multi-screen conferencing, and our partnership with Cisco has transformed the content-sharing experience for Webex users across the globe.
In response to Covid-19, we have begun transforming our product and business model to meet the needs of the new workplace. Our customers have been able to leverage Mezzanine for remote work, and new updates will continue to improve the content collaboration experience for all (socially distanced) users.
Simultaneously, our team of designers, engineers, and developers have been thinking up some ideas to better address the new normal, and make multi-share accessible to all users from home. We’re working hard to allow anyone to instantly join our meetings, whether wands are within reach or not.
We invite you to look forward to a simpler, easier version of Multishare, and a fresh take from Oblong. Check back here for updates. We think you’ll like what's coming.
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Post by magnus123 on Dec 8, 2020 17:32:03 GMT
Wow, i just missed it again. I hope that OBLG will slide later today.
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Post by JHam on Dec 8, 2020 17:41:13 GMT
Wow, i just missed it again. I hope that OBLG will slide later today. I had my finger on the buy button in the $5.50s, but didn’t pull the trigger. I still think you’ll have some more chances. Also hoping for a good entry into CPSH and INMB.
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