I bought in @ 36 and consider myself smart for doing so. I got IBAS @ 31. Only an idiot would short such an explosive field as this...
I have faith in this industry as I see the potential. For those that don't already know about the field VOIP, These are some of the other public co's who are either in the field or who indirectly support or compete against it. CLRN DDDC GRIC IBAS ITXC NTOP VOCL NSPK AND PHCM.
Of them I own : DDDC IBAS ITXC NTOP VOCL NSPK
I made a fortune on GRIC and got out however it to is still is going up. Unbelievable! If anybody knows of any others, let me know
especially small cappers! I am working on identifying them myself.
I also own FHTV OMDA TTN and a few others that I am increasing my position on tomorrow (So they remain nameless).
I own itxc at 19, ibas at 28, vocl at 15 and ntrx at 12. Check out ntrx, was as high as 30, but has pulled back somewhat. CEO quoted on conference call that has very large orders booked, but that his philosophy is not to announce until product has shipped. News should be coming soon.
I bought both IBAS & ITXC in early December based on the recommendation in the 21st Centruy Investor newsletter for my wife's self directed IRA. Made a couple of purchases and are in around your level. Just curious as to how you came up with your list. What are your exit targets for both, other than to hold on for dear life like I'm doing with CNXT and MLNM.
Going forward expect a bigger spread on the bid and ask, larger price swings and in general speedier moves when it does move because with each new buyer, the actively traded part of the float becomes smaller and smaller. More and more people/institutions competing for fewer and fewer shares, since in general each new buyer will tuck at least a portion of the shares away. We moved a lot faster from 85 to 100 than we did from 48 to 85. That's why ITXC is really a better buy now at 100 something than it was at 37. They'll probably have to announce a split before long. Also I haven't been watching that closely lately but when I do look at level 2 I'm not seeing Lehman doing much selling. I guess they about sold all of their shares back in the 30's. As near as I can tell the road ahead looks good.