As you know by now we both have arrived at this point with original number of shares.You as biggest permabull i have ever witnessed and i the sceptic so what is your point?
Yesterday VG delivered positive top and bottom results for first time in so many years but as almost always is the case it was mixed bag.Consumer revenues declined again-is it not true?
Your tunnel vision is amazing.When VG share price was hitting %5.4 four years ago you were singing similar song.Not even once i heard from you any kind of criticism not even during 70% pps correction.
I'm going to tell you something that is worth remembering for rest of your life: stock market investing or speculation whatever you want to name it is exercise in self-discovery, who you really are.
You haven't even licked the surface yet.
ps I would suggest you attempt to look at my contribution as someone doing everything possible to support share price by trying to convince you and others to show some humility and respect for market's judgement.Message board full of tunnel vision permabulls is a serious drag on share price.
Dollar cost averaging is the lowest risk strategy i know.The question is if you are equipped with enough patience and strong conviction.
It is not enough to do research on individual stock risk because as i believe we are in irrational stage of the market where commodity sector is under pressure until Chinese market starts to recover.
"dgroves, Great feeling of being vindicated for us who believed in VG all along"
Don't you feel unconditional love for all permabulls even if it's only temporary emotion?
Timing is everything and even making or loosing real money is relative because it has to be compared with risk level factor for particular asset class.
Somebody who bought VG at $5.2 and sold at $6.3 five years later will have sound sleep but not credible claim to be successful stock picker because he or she lost money relative to broad market performance for the period.
My instinct tells me that there is more suffering on horizon due to fact that Chinese stock market is still in secular bear since 2007.As a result Chinese economy will not be able to experience consistent growth untill the stock market bubble from 2003-2007 is deflated.
I see at least another 1-2 years of continuation of this trend with high probability of testing final bottom created at the level of Winter/Spring 2009.
Plenty of time to accumulate but i also reserve right to be wrong.
"Good to see we were right'
If being right is more important to you then being at the right place at right time then next time you are right and loose money remember that being right is just your state of mind.
Congratulations and this is the name of the game.Statistically speakning you should get another opportunity to get back in since great majority of pps gaps get closed.But not all.If Mr.Market determines VG belongs to exclusive club of growth stocks then current top might become bottom resistance point.
You are wrong.Pac is the reason why VG is up if you are contrarian.Brainless parrot on the other hand is no issue since on top of being dumb he is insane as well.
"Our Motley Fool CAPS system has been rating Vonage a one-star stock out of five since time immemorial. Two-thirds of your fellow investors don't expect Vonage to beat the market right now. And that verdict is starting to look a little too harsh."
Little bit of honesty is better than total denial.
It is becoming more evident that Vg revenues from residential side are no longer obstacle but rather positive catalyst for share price so let me attempt to use little less intelectual approach:
sell and never look back because your jubilant feeling might turn in to nightmare in not too distant future.
"I'm confused. This headline comes out and all U stocks get crushed???"
We have entered irrational stage of the sector where fundamentals do not matter.It is all about getting remaining semi strong hands out.Secular bear bottoms are usually brutal in volatility or slow,prolonged suffering.
And as far what EGHT's results might affect VG share price you have the answer by now. Intermediate downtrend of EGHT share price continues without interruption. Reversion to the mean principle suggest continuation of VG uptrend even after earnings results. Being so close to all time high "requires" technical testing.
What time has to do with it?
Many people bought their stocks decade or more ago,many of them lost it all.You not only bought at the top,most likely you bought VG at once.
I can't convince you about something you are not able to see. Brutal honesty within ourselfs is not easy but first important step to have prosperous relationship with the market.
In terms what gambling has to do with it?
You bought VG after 1500% pps appreciation and planning to sell above $5.4.In both cases it's a pure gamble.