If you are going to pump a stock you have to stop making outrageous claims like the following:
$5+ in two weeks!
DAN had a 2600% run so VG will too!
Shorts about to cover hold on tight!
And finally, the all time dumbest thing: comparing VG to C
Pumpers, let me tell you--If you would make claims like 20% pop after earnings, or share some bullish technicals you might get more respect and get others to buy. As it is, it is just laughable. But, heck, I'm enjoying it.
My reasons for buying into Vonage in increments have been posted for all to read multiple times.
Right now, the street estimates Vonage will LOSE .05 per share for this upcoming quarter. Suffice it to say, Vonage will blow those numbers out of the water even if it didn't have Vonage World and the iphone application. With the cost savings and increased subscribers from Vonage World and the iphone application downloads (at the very least), we have the potential to see a nice gain. Hopefully a sustainable one, but the shorts are still here (7 million for October but better than 10 million last month, so it is going down significantly) and I expect they'll short it again once we pop.
However, the 300% Citigroup upgrade isn't something to brush off either. Even they conservatively think that Vonage World and the iphone app can bring in new streams of income and growth for Vonage. It all depends on the number of subscribers.
On a technical note, the STO is moving up and away from the oversold position, and the lines have crossed indicating we are getting ready for at least a small uptrend. Today, we witnessed a brief selling phase down to $1.51 but it was short-lived. After that, buyers swooped in and we haven't been back there since. I think we could go up....not sure if we'll go up until earnings, but at some point this week or next the earnings-call buyers will step in and bring it up, IMHO.
Let's see how it goes. I have one more buy to make in order to solidify my position.