Good idea... for past few months, JASO hardly (if any) closes below $9 or above $11 during monthly expiration. Always seems to be closer around $10...area.
But, in order to sell $11 calls, you need to own the commons, right?
Actually, it was determined by the computer trading algorithms and the moment it fell below 29.60 (200ma) today, it triggers a lot of selling automatically just because it was all programmed in.
The rumors are just rumors and usually come up because people are looking for a reason. So, the auto-programmed is not a good explanation for man-in-the-street but the rumors of the boys getting worse are good enough reasons.
No unfortunately, that means the calls will get executed. Your stock will be taken away but fear not, you are ahead at 14c since you sold for 15c.
But, $11 puts seller wins because it closes 1c above it. So anything above $11 will not get assigned.
if it can close 10.99, it should be good enough for the $11 calls sellers.
LOL! What a joke..
Just about one month ago, they all thought GOGO will be doomed.
But, now,.. back to 18.xx as if NOTHING has happened.
Nothing has changed.
So, thank you so much for all the cheap shares... it was a huge opportunity around 11.90 area.
GOGO is heading back to 20's very shortly.
Just to follow up on where we are after 1 month of the so-called ATT news..
So.... it seems GOGO dived to 13..then 11.. now almost back to the same level prior to ATT news here at 17/18.
What change? Absolutely NOTHING!
GOGO still on the same trajectory to expand their business, getting more approvals everyday and International flights esp. JAL.
ATT hasn't even take off yet.... and they're got their attention focus on the TV side: ie. Direct TV.
So, I am saying the same message here. DO NOT panic. If you didn't use the opportunity to buy that dip during the last 4 weeks, that's too bat.
I doubt we'll see 11 again. My price target remains at $26 for this year.
Back then in March/April, I'm expecting to see 40% increase only.. now, it is 120% if GOGO can get to $26 by end of this year. I'm now 30% already ahead because of opportunity of average down to 13.
Just BUY and hold this puppy. You will make money! Don't let them scare you.
It's going back to 20s - no doubt about this. This year target remains 25/26 area.
My double down big buys at 11.75 paying off big time now. Avg cost to 13.50.
I rode this down from 19.. to 17.. to 11..
going to ride this baby back up!
Stay long and strong here.
No reason to sell.
The only reason GOGO was bearish and retail investors got scare is because of competition from ATT.
Look, ATT is NOT going to take GOGO market share anytime soon.
ATT hotspot itself doesn't even take market share away from anyone else except they are losing market share
to small players like T-mobile who managed to execute better.
GOGO is 10 years ahead of the game in Internet for airlines.
It won't be too long. For those who sold because of ATT's news scare, they will regret later.
I've triple down since the lows in the 11's. Now at 15, I'm already ahead here.
Going to hold here till we see 26 within 9 months. No kidding here.
I think GOGO will revisit 26 again for Fy14 earnings year. That's almost 75% upside.
Sentiment: Strong Buy
That's because low volume... only 3m shares traded per day.
Take a look, ATT already operating a lot of hotspots around the country but nobody actually pays for them because they're getting the businesses to pay for them. Companies like Starbucks, McDonalds, CostCo, etc..
I think the only threat to GOGO is perhaps the airlines themselves wanted a bigger piece of the pie but since airlines are not into Internet service, they already shared the profits with GOGO, nothing change here.
I think GOGO is a good bargain here at $13.
Still long and strong here... at $13, this is now 2x sales.
I still believe the fundamentals for GOGO have not change and the so-called competition from ATT will not materialize even after their released of their service by end of 2015. By that time, GOGO should already been making profits and have installed better speed with newer ATG technology and more international markets.
Legacy ma-bell like T is ALWAYS slow to catch up with smaller player. You can see for example, t-mobile is eating ATT lunch..
At $13, this is a more valuable play. Price target remain at $26 here, I see 100% upside from here.
Sentiment: Strong Buy
Ok, think about this. Since GOGO already lined up with big carriers, who else wants to sign up with ATT?
Basically only the low cost carriers...
The media reports most likely Southwest and JetBlue.. BUT
both Southwest and Jetblue ALREADY got their wifi strategy in place.
Southwest uses Row44 (Ku-band) and JetBlue uses Fly-Fi (KA band)
ATT may end up from Gate to Gate airport service only but no wifi on plane service.
That $26 has been price targets since last year. Not new. No changes in whatsoever despite ATT announcement.