What's 200 points?Less than 2%.2000 points drop that's health restoring correction and it is coming sooner or later.What about 50% correction called cyclical bear which happened twice in previous decade?
Selling doesn't make any sense at this point.Buying is impossible.This looks like terminal cancer but if they really have what they claim "leading edge technology" then the cure will be found even if we get middle-east Doctor.
You are correct,share price was on it's way down when Vonage mobile was announced but the spike was fueled by retail investors who usually jump in on good news and sell on bad.
And another thing:assuming that you are long we are not on the "opposite sides".I wouldn't be long if I did not trust the management and evidently you agree with me.Or you are in conflict with yourself not with anybody else.
Hope is powerful feeling in real life but dead sentence in investing.At least this dying dog is still warm.My other dog CABL has been ice cold for one year.Time to burry both in same grave.
In order to have a clue about how out of touch you are I recommend simple experiment.Ask any of your friends who have no idea about investing to study share price movement since beginning of this cyclical bull market and compare to any index without disclosing when you bought your shares.
And get this once and for all:management is responsible for fundamentals,market is responsible for interpretation and share price.
What happened at $5.4 was realization by shorts and smart longs that VG had been running on pure PERCEPTION and after earnings report was digested there was going to be plenty of time before the company started delivering top line growth.So most longs left and shorts jumped in on "low risk dinner" and rest is history.
I now realize that around that level there was also contrarian bearish signal in form of Vonage mobile launch announcement. Just like with NFLX going abroad and AAPL 1000$ target price.
See Jake contrarian bearish signal is "designed" for last retail investor who watches share price surging and eventually "can't take it anymore" and jumps in at the top.
Sorry for your predicament,but this is how management gets blamed.Hey man learn be honest with yourself.Mr.Market will never allow you to make money if you are not.
Funny thing.When pps is moving up nicely nobody complains about Lefar or Citron.All it takes is first correction and usual complainers will come back with venegance.As they always do.But what do you expect even Warren Buffett has enemies.
"Wall Street edges up, S&P 500 at highest level since Oct 2007".
Another example of "irrational exuberance" gaining momentum but the bottom line is this.S@P 500 has to move up another 100 points or so to be within secular bull territory.That's long,long way.Do you think permabears are going to give up without fight? They are accustomed to winning for last 13 years.
"Stocks up for week; S&P near record-high close"
Public will be subjected to this kind of misleading messages for some time.The truth is that S@P500 is having third attempt to breach 1600 level since spring of 2000.Why this distinction is so important?
Because stock market is suppose to go up on average 10% per year.Doesn't it?
Well,not quite.Study so called secular market trends you will have better understanding what stock market is all about than 80% of so called "experts".The implications of having this knowledge is truly enormous.
Six years ago we had similar calls and almost everybody jumped on "bandwagon",while handful well informed investors either sold their holdings or established short positions.
Is it this time around different market?
In my opinion yes and if I'm correct we should expect close to 20%/year S@P500 appreciation for next decade or so.But I wouldn't be able to make this prediction based on "tee leaves" strategy.
Agree.Decade after Vonage has been existing as a public company share price will have reached IPO day level.Bitter sweet moment for original shareholders though.
We are in third and final stage of pps movement.First stage was all about survival.Second about inflection point and market confirmation.And now we are in third stage-stability/growth and gaining credibility with smart money.
Unlike some "crybabies" on this message board I have been consistent in viewing the management as an asset rather than liability and I say it again: J.Citron and M.Lefar a top business people and one of main reasons why I have been accumulating shares.Datek and Cingular are best proof.
They are not perfect but nobody in this business is but what's important they learn as time goes by.
But unfortunately this can't be said about majority of message board members.They are living evidence of what Warren Buffett is talking about:" nobody is interested in get rich slow".
Now you are going insane by throwing in totally irrelevant information.
What is your point?
"I am long but do not like management"
Then you are in conflict with yourself.
Friend of mine who has similar problem told me over a decade ago: buy IDCC as much as you can,dig deep hole in ground,throw all shares in,put dirt on top and watch it grow for next decade or more.He doesn't have as many shares but IDCC is still his largest holding on which he is loosing money after 1000% pps appreciation because he was attempting to outsmart Mr.Market.
Do you really think you are smarter then Mr.Market?
Video is not big deal unless much better than competition.
As usually Mr.Market got you where you belong-to "totally confused small speculator's club".
You can pull any trend period to prove your point but the fact is since hitting intermediate low last year VG is up over 50% v/v Nasdaq 10%.
Pull your head out of sand.It's not too late.
DOW is much less relevant than S@P500.Watch for possible divergence.This is what hapened in 2007.
When they talk about being at "leading edge of technology" apparently what they really mean is in third world economy.
Is this all massive insider buying effort a proof how out of touch with the real world the management is?
Incompetence is one thing but if combined with arrogance the results are always predictable.
What about those two "big" contracts announced while back?
Another example that Mr.Market is always right in the end.
You are just proving my point.Non of those stocks are small caps.Besides he recommends stocks every day.Do they all work out?Four years ago even monkey would have 90% chance of picking good stock.That was once in lifetime opportunity/for many/ to become rich within short period of time.Now we are back to business as usual.
I bet you Cramer will change his attitude about VG above $5.
"Cramer will never recommend Vonage. It will not happen".
Based on his last call which was significantly less negative from previous one I wouldn't be shocked to hear his recommendation to buy next.
As I told you before he is no different than other talking heads regarding "universal hate" towards small tech caps.To be perfectly honest they do not like anything below $5 /1 mil market cap.
Where was Cramer 4 years ago when for 100 shares of SIRI you couldn't buy a decent cup of coffee.
With APKT out of the picture the other participants like CBEY,EGHT and CALL are showing signs of fatigue.Remember this is MARATHON not sprint.More upgrades will follow,maybe even from Cramer?
The share buy back program is working so far if only to keep shorts away.As long as broad market is able to punch through the ceiling VG permabulls are happy campers.
ps:Hey Jake,with this new "insider information" how would you describe recent VG performance?Did somebody say "downward pressure"?
Learned recently that flip side of love is fear.Fear is what hate gets it's roots from.Both love and fear are the most destructive character traits as far as stock market speculation.But outside stock market most people poses both of them and they can still function.Their lives are not perfect but they do not have to go broke.