TEO: Telecom is a longI'm holding longs in $TEO (via $TECO2 in the local stock market) before the big breakout happened, after the news of the Cablevision acquisition surfaced. Cablevision is a private company, leading internet and cable tv service provider. $TEO's acquisition would make it the largest firm in all of these spaces in the country. The chart is constructive for further upside, and I think fundamentals warrant strong growth in the stock.
If you examine the monthly timeframe, or even yearly, we have a significant breakout there, so, I expect this to be a huge long term uptrend.
Best of luck,
Ivan Labrie.
