The FCF is the killer. I remember great Handle I used to see: 'CASHCOW-ROCKETSHIP'. Maybe Analysts believe that FCF will slow or even stop. But if they're wrong, it's hard to see how VG isn't a little undervalued
I know most here are not traders, and are long VG due to it's fundamentals and emerging business plan. I am currently trying to educate myself as to exactly #$%$ CPaaS is, and Vonage's position vs. it's competition. I have a friend in the software biz who drags me through those times when a tech stock's action pushes me from a trader to more of a holder.
Having said that I still use TA and respect it. For the first time in a LONG time, the P&F chart on this site has VG completing a bullish move and has switched from a lower price target($3) to a higher one. VG continues to trade above it's 200-day MA and the 50- is rising to meet it. Some mock TA and they're entitled. But the Golden Cross(the 50-crossing up thru the 200-) IS a significant Bullish indicator of intermediate- and long-term price gains. I'll be buying my last tranche of shares if we get it.
This manufactured downturn is not going to hold. Not in VG not anywhere. The Market here in it's collective wisdom understands the implications of this vote in terms of November and the election for POTUS. Every stock in the S&P wants certain policies put in effect. And the Breixt vote implies that there's a good chance here that they will be. I expect the Indexes to repair this false sell-off damage quickly, and then all of them, BREAKOUT.
We'll never know now, what VG would've done this AM and today, if this geo-political event hadn't happened. I think the stock was poised to POP. Now, who knows? But depending on the action, I might now accumulate a little emote today. Because IMO, a great deal of this negativity about GB exiting the EU is pure and unadulterated liberal elitist Brussels inspired PROPAGANDA.
GB exiting the EU is not some terrible thing for Britons, the U.S. or VG longs. It's terrible for those who would rule the British people as serfs and peons.
…..is a highly technical term…..that I invented lol. But kidding aside, HOD close on more than 2x daily volume over the last 6 months. Of course there WILL be a retracement from this move. The question as always is 'from where?'. And right now after today's action, it's a poor bet that retracement starts from here. There's a LOT to like right now on the Daily and Weekly charts. Right now I'd bet on $6.50 as the pause/retrace consolidation point.
IMO it's trading like it's going to POP. I'm starting to think a $1 up move in a day is looking likely. Methodically unbalanced volume wears the other side out, even if it's incremental, and eventually, the Dam bursts.
Also, many scorn TA but the most significant thing about it is it's self-fulfilling. That 50-day line is about to go vertical. Unless selling comes in zoo, you will see millions of shares bought on that Golden Cross. Especially if the Indexes are breaking out too.
Yeah I loved that FCF when I came across VG. Didn't help much in that move from $7+ to -$4. Analysts didn't trust it had staying power. But now that the consensus opinion on the co. has changed, your point comes roaring back to life. Vonage is looking like a 'cash-cow rocketship' and VG's current action is starting to verify it too.
VG is trading like a stock that has a big move in front of it, as opposed to one that's just coming off one.
I split the baby and bought another 20% of my current position at $5.50. Raised my CAB .10 cents. Looks to me like the heavier volume is BUY and lighter is SELL. Today's going to be high volume, so we'll see whether I was right or suckered at the close.
"You will miss 20 percent of the coming move, but it is a solid conservative plan."
I know. To both. I don't want to be conservative lol. I want to buy another 30% of my current position right now. And then another 20% either after the gap fills, or when enough volume comes in to convince me that it will go unfilled. But will probably stick to plan of being safe and content to average up.
Also, I agree that $8 is conservative merely from a technical standpoint. If we see $8, it will likely be on a high volume breakout move thru $7, and $8 will be mile marker on the way to $9.
Multi-$1000 Question for me. Been asking it all week-end. There's a huge gap down to $4.78. Still, I think it's going higher from here. But I won't buy more until I see the Golden Cross.
Agree 100% that this stock was manipulated down by those who could do so. VG was getting ready to BREAKOUT over $7 in November and for the slightest of fundamental arguments was made to trade as if the company was going Bankrupt. It's great work if you can get it. I sure as hell wish I could do it.
Definitely not trading freely right now. Being stepped on by big $ players for the sole reason that they CAN step on it and make $. They short it into the $2's I'm betting . Then cover and go long to the $4's again. Good work if you can get it.
I agree. Trading like it's going BK. This stock is OWNED by the players. They'll do what they want with it. Earnings, etc. do not matter with some stocks, so firmly are they in the grasp of manipulators. You'll drive yourself crazy comparing VG to other co.'s stocks etc with lesser or similar earnings. It doesn't matter. They're ripping this into the $2's. After that you might get a bounce.