Don't sell, If I was in your shoes

Posts: 5

though I missed the opportunity to buy any, but if I was in your place I wouldn't sell now.

Posts: 1 · New Forum Member Joined: Jul 07, 2005 Posts: 1

Well..You missed the IPO @ 17 but you can alway buy at market. Have you bought any?

Posts: 17 · Vonage Forum Associate Joined: May 22, 2006 Posts: 17

I agree...no selling!!!

Posts: 62 · Full Forum Member Joined: Apr 29, 2005 Posts: 62

That is why you are not in my shoes.

I do not see one single fundemental or technical indicator that suggest holding Vonage. Sell depth is huge, volume has been heavy, No support, no earnings, nothing. Not selling now and limiting losses now is just being reckless.

Posts: 18 · Vonage Forum Associate Joined: May 15, 2006 Posts: 18

ckudrna wrote:

That is why you are not in my shoes.

I do not see one single fundemental or technical indicator that suggest holding Vonage. Sell depth is huge, volume has been heavy, No support, no earnings, nothing. Not selling now and limiting losses now is just being reckless.

Totally agree with this statement. This stock is in big trouble! For this stock to not open higher is a very bad sign.

Posts: 5 · New Forum Member Joined: May 23, 2006 Posts: 5

i just got out and cut my losses, this stock aint going anywhere but down

Posts: 5 · Posted: Wed May 24, 2006 10:00 am Post subject:

ckudrna wrote:

. Not selling now and limiting losses now is just being reckless.

Yes, there are some schools which tell you to sell as soon as it reach 5% lower than value to cut your losses, but in my case, we all expected that we may loss all our money or part of it, so there is another school which tell you that sudden disposal of stock (from everyone) just plumb it's price more. so if you have that patience thing then it should eventually increase. what did you expect anyway (make a fortune overnight ?)

BTW, I didn't buy cuz I'm very cash strapped, relatively you can call me broke...

Posts: 62 · Full Forum Member Joined: Apr 29, 2005 Posts: 62

Hammer73 wrote:

ckudrna wrote:

. Not selling now and limiting losses now is just being reckless.

Yes, there are some schools which tell you to sell as soon as it reach 5% lower than value to cut your losses, but in my case, we all expected that we may loss all our money or part of it, so there is another school which tell you that sudden disposal of stock (from everyone) just plumb it's price more. so if you have that patience thing then it should eventually increase. what did you expect anyway (make a fortune overnight ?)

BTW, I didn't buy cuz I'm very cash strapped, relatively you can call me broke...

You have obviously never taken any sort of IPO pricing theory finance courses in college or have had any real life experience in this industry.

Historical IPO data indicate that many IPOs do well in the first couple of days, and then do horrible in the long run. Right now counts as the first couple of days for Vonage, and it is down almost $2. That is bad. So, if you apply the same pattern that has been proven with hundreds of past IPOs, this "strong" performance of a $2 loss on day one will be followed up with weeks and months of poor performance.

Vonage has no possible reason to do well. They lack a crucial element, The POSSIBILITY of earnings. Earnings themselves are not as important as everyone thinks, but the possibility that one day in the future they will earn is a huge element that is missing from the Vonage picture.

Posts: 5 · Posted: Wed May 24, 2006 10:33 am Post subject:

Quote:

You have obviously never taken any sort of IPO pricing theory finance courses in college or have had any real life experience in this industry.

Yes, indeed I never had any finance courses, or what ever other things you are saying, and I'm sorry I'm wrong, and you know better, you should sell right now. good luck

Posts: 5 · New Forum Member Joined: May 24, 2006 Posts: 5

Hammer73 wrote:

Quote:

You have obviously never taken any sort of IPO pricing theory finance courses in college or have had any real life experience in this industry.

Yes, indeed I never had any finance courses, or what ever other things you are saying, and I'm sorry I'm wrong, and you know better, you should sell right now. good luck

best...comeback...ever /sarcasm