In my opinion only, we have 6 days and counting before earnings come out. The stock hit a new 52 week high today. What I see happening this week before earnings, they are going to try and shake the tree. They will try to release stop losses and try to pull the stock down before earnings come out. They might even continue shorting the stock to keep it at these low levels. They have several insider trades that are planned trades. They are planned way in advance. Last earnings they posted a record profit. This quarter hopefully they post another record profit with all of the great news coming out and all of the new services. The CEO makes a great presentation. This stock is way undervalued. It should be trading in between 5 to 7 dollars. It is possible if they did not manipulate it so bad with all the shorting and BS of the market makers. They played with it in pre market hours and after hours.They will get burned.I love money, money is good, money is green, I see a lot of green in Vonage. Author Master WallStreet Amazon kindle ebook
In my opinion there are three share price resistance levels based on historical trend/volume observation.Once pps establishes itself above $3 next level of $7 could be reached rather quickly perhaps fueled by the earnings report which has been major positive catalyst responsible for the uptrend.On the other hand if the market is not "happy" after cc then level $2 hopefully is going to provide solid support.
Paying attention to the planned insider selling during bullish phase of share price trend has no value at all.
jasiop, that is a big margin of error you are allowing yourself.... a $5 spread in fact. We are currently above 3 bucks, so if the cc is good we zoom to $7 but if not, we could dive to $2. Or, if results meet expectations we could stay somewhere in the middle too right. Thanks, we really didn't know.