Well I'm Done!

Posts: 49 · Full Forum Member Joined: May 15, 2006 Posts: 49

Well guys its been fun. But I just dumped my allocation. I am not going to sit around. I took my lump and took my lost. It is gonna hurt to write the check to Citigroup but it has to be done. Vonage is a good service.

But after Vongage (not directly) costing me the money in this, i have to re-coup my money. So i will be switching Voip to my cable company who offers me the same service as Vonage for $14.99 a month. Gonna take a while to make up my money but it has to be done.

Good Luck to ALL!!!!

Posts: 8 · New Forum Member Joined: May 24, 2006 Posts: 8

Why would you do something so foolish? You should have stayed away from the stock, if you couldn't handle the stress. Would you cut off your nose to spite your face? Confused

Posts: 49 · Full Forum Member Joined: May 15, 2006 Posts: 49

There was no reason to stay away in the first place. It is really bad news when an IPO opens down and stays down. Once it dropped it continued to drop and didnt even come close to the opening number.

There is obviously NO SUPPORT for this company at all in the market. I chalked up my losses and that was it.

I hope for everyone elses sake it comes back to bite me and it rebounds hard. But looking at the trend it wont. I was only in this for the short term. Who thought that it would open down? With the over allocations it looked really good for the stock but obviously it was not.

So i did not cut of my nose to spite my face, I did what i thought was right for me and that was getting out and not losing any more money.

Posts: 8 · New Forum Member Joined: May 24, 2006 Posts: 8

You cut off your nose, when you said your leaving Vonage! Good luck with the Cable Co. I would rathere loose my shirt, than give them another dime a month!

Posts: 49 · Full Forum Member Joined: May 15, 2006 Posts: 49

How is that cutting off my nose?

They are offering me the same service for $14.99 a month. That is $120 a year cheaper than Vonage.

Less hassle with them. And when i have a problem i get someone from my cable company not someone from India.

And in the short while i will probably be getting Verizon FiOS service for TV, NET, Landline, Cellular so all one bill.

So leaving Vonage now or later I am not staying.

It comes down to money at this point. I was able to goto my cable company months ago for $14.99 but i stayed with Vonage because I have had no problems with the service. And i Still don't have any problems with the service. But I lost money because i backed a company and now i have a way to get some of that money back and still have the same type of service.

It is not like i am going to SKYPE, which is a different animal all together.

Posts: 73 · Posted: Wed May 24, 2006 1:34 pm Post subject:

You shouldn't be playing in the stock market unless you're ok with losing ALL of your investment. If you can't afford to lose all of it, then you shouldn't be playing.

Posts: 49 · Full Forum Member Joined: May 15, 2006 Posts: 49

I'm not really sure if I agree with you on that. The way that I see it, is that Vonage Stock is a losing battle. So why would I just stay in it for the heck of it. I forsee that it is not going to get better. I do not have any hard evidence of this but from what i have seen it is not good.

Any IPO should not have its first tick as DOWN!

I watched CNBC today and the first tick for the stock was Down to 16.90. You know who that trade was made by Vonage themselves. If the company ticked it down then what else can happen.

Posts: 216 · Posted: Wed May 24, 2006 1:52 pm Post subject: Re: Not really

sgroi135 wrote:

I watched CNBC today and the first tick for the stock was Down to 16.90. You know who that trade was made by Vonage themselves. If the company ticked it down then what else can happen.

Hmm... My Scottrader Streaming Quotes shows the high as 17.25. So, I assumed that the first tick was up and then immediately down. Also, this chart appears to show an initial up tick.

Posts: 1 · New Forum Member Joined: May 24, 2006 Posts: 1

The first trade was a couple of cents below 17, and it was made by the CEO as is customary. But it has nothing to do with which way the stock went, the price is irrelevant to the volume. Trading at a down tick prevents short selling.

Posts: 13 · Vonage Forum Associate Joined: Dec 31, 2003 Posts: 13

Wow, all the posts complaining about the stock going down and reports of people bailing out of their stock so soon. What did you expect? Did you think that the stock would skyrocket on the opening day like RedHat or Rhythms did in 1999? If you did, maybe you shouldn't be trading stocks at all.

I believe in Vonage and think they have a good product to sell, but I certainly don't know if they'll ever turn a profit or ultimately be successful. Vonage is much like TiVo. Neither company pioneered their respective technologies, but both were the first to make a name for themselves and make the world aware of the technology. If you look at the story of TiVo, ultimately we may need to determine if we think that Vonage will survive. TiVo survives because it can differentiate itself in the market. Their service offerings and features are different than the personal video recorders offered by the competition. Vonage provides essentially no different feature set than SunRocket or Packet8.

I didn't get in on the IPO priced shares and in hindsight that was lucky, but I did buy in this afternoon at 14.90 and I'll see where it goes. I'm not a twitchy investor and I see that I've already lost some ground, but I'm not going to freak out and dump for a loss if the stock drops another $3 tomorrow.

Good luck and hold on (for at least a bit).