"Vonage's U.S. Patent Portfolio Grows to More Than 50 Issued Patents".Curious timing.
Desperate attempts to prop up share price and keep shareholders in denial.Unfortunately pps correction is not over yet.
What you see on message boards for the most part are diversified mix of human emotional expressions not reality because it is so difficult to adopt neutral attitude when your money is at stake.More money involved harder it is to be neutral and as a concequence you are vulnerable to the market forces. And Mr.Market knows you better than you know yoursel.So how can you win in this predicament?
The only hope is to disconnect yourself from "market's influence" by adopting neutral attitude and increase distance.If you have to stay on top of the market all day watching your stocks go up and down than you are either daytrader or gambler.Both of those personalities loose money in long run.NO EXCEPTIONS.
But there is also another type o personality that is equally destructive.People who do not trade or watch the market daily but continusly arque with the market and stay in denial untill they wake up which is usually too late.The best example is someone who calls VG "undervalued" totaly disregarding share price.
The best description of my attitude toward VG at this point is no compelling reason to sell,but my gut tells me you may well be in denial too.
" Is it the company that is not moving forward as it should be? "
That's my choice and it is contained within my explanation of "growth anticipation factor" as well as probable reason for Lefar's departure.Growth anticipation factor is extremly important element of share price and it has to visible on secular and intermediate trends at least occasionally.I'm affraid Mr.Market is getting impatient and perhaps next year selling the company might be the best option for shareholders.
But again we are having higher probability speculation talk and have to aknowlege that VG is not falling behind competition on long term chart.
Being a chartist/technical analyst/ you probably know that every trading stock contains three trends within it's share price action:long,mid and short term.Personally I prefer simple moving averages because i do not like complicated things.Stock market itself is complicated enough.According to my point of view the only trend that is nothing wrong with is secular one since Summer 2009.Currently VG is trading below 50,100,200 and 300 sma for virtually all periods since final bottom of Spring 2009.This is the second share price correction wich is unlikely to be as bad as first one,unless next earnings report doesn't show acceleration of revenue growth.
Small tech caps are curious creatures.They live or die based on this principle.Stagnation is dead sentence because 99% of them practically have only two long term options: to be aquired or to go belly up due to insane competition.
VG share price appreciation since secular bear bottom of 2009 is over 100% per year which is unsustainable in my ho because the growth anticipation time factor Mr.Market asigns to each stock is running out and I believe this is primary factor in Lefar's departure.He has lost his credibility already so we need new face to carry the same message.
To be perfectly clear other stocks such EGHT and CALL are also within area of testing 52 week lows.
And another thing: I believed VG to be the most attractive for purchase recently but this was before earnings report.Now based on a fact that from the group of competitors VG was the only one to decline right after CC I think there is good probability of pps falling below 52 week lows.
As a matter of fact the new lows might be severe enough for Lefar's faster departure. He can fool some people some of the time and others all of the time.
Just like another illusion even Federal Reserve Board members believe in: stock market responds to changing economic conditions accordingly.
What a B.S.
"DO YOU EVER WONDER WHY?
NO BETTER PLACE TO PUT THEIR MONEY?"
Your brain is desperately looking for ways to justify your purchase as if institutions never loose their money?
On top of it vast majority of stock market "analysts" belong to entertaintment industry and they don't even know it.
Dgroves! How many years i have been remiding you "not to argue with the Market" as the best tool to value a stock.VG share price jump from $.3 to $5.4 few years ago was based mostly on broad market powerful bounce from final bottom of 2000-2009 secular bear bottom. You believed it was fundamentally based and continued this "undervalued" nonsense.Next we had severe pps correction as a consequence and then fundamentals took over.Since then share price appreciation has not been too impressive and for good reason. It doesn't matter what kind of metric you are using to push your agenda.Fact of the matter is Vonage is becoming "utility like stock".Stagnant revenue growth and lack of subscriber growth from non existent to anemic do not justify share price appreciation.Strong and groving cash position is reflected in share price only during challeging broad market conditions in form of relative strenght but the best you can hope for watching your invested money go up is to collect dividends.But again as soon as a company announce dividend creation plan your hopes for significant share price growth can be discarded.
I can't wait to see Lefar go away as much as you getting out of denial state of mind.
Hey Dgroves you must be using powerfull air compressor.Pumping up this stock for so many years using just hand pump would't be possible.Still "undervalued"?
Earnings report either reinforces existing intermediate pps trend or reverse it.In absence of buying interest technical factors take over again utill share price finds balance between buying and selling pressure.
Usually it takes several trading days or weeks to find out.This is low risk environment for shorts.
There are several factors working against VG at this time-earnings report confirming non growth business,low probability of positive fundamental development in near future,intermediate pps trend direction, low average daily trading volume and broad market correction.This is higher probability short trade on the scale of 10% profit or more.
Good luck Pac.
I would arque that shorting VG at this level would be considered low risk transaction.
Stock Market is a like mirror mechanism that replaces your emotional state of mind with opposite image in your brain.If you condition your happiness based on future stock price most likely than not you are going to receive misery instead.You can only go so long belieiving one thing or the other but eventually you have to surrender to "Market's will" or your suffering will continue.
Pacmaniacs superentuziasm is evidence of total disregard for this principle.
As "undervalued" VG reaches 52 week low isn't it a good time to take home equity and invest.
I think you have only selective memory and do not recall my expression from years ago: some stocks stay "undervalued" unti bancrupcy while selective few are always "overvalued".
Good luck with your spiritual awakening.
Earnings report either reinforces existing intermediate trend or reverse it.Of course permabears and permabulls look for magic inflection point every time.Good luck with your ego creating all kind of scenarios in order to keep you in denial.
Dgroves! Is VG still "undervalued" and what does't it take to become "fairly valued"?
Do you have a clue?
There is no reason why VG wouldn't test 52 week low before Lefar departure.
Pacmaniacs are in charge again.
Do you know what explains a lot? Your "earnings seem pretty good" statement.Did you just wake up from 4 year long hibernation?
I understand his job of preventing shareholders from dumping their shares by keeping their hopes alive but there is time limit when naked king has to admit of not having clothes or to go way.As I've been awakening too slowly now I join you and say the same exact thing-Mr.Lefar leave us alone.Take your milion dollars reward for saving Vonage and leave now.Save your face today or your #$%$ tomorrow.