for those still holding?

Posts: 19 · Vonage Forum Associate Joined: May 22, 2006 Posts: 19

Are you going to sell before the bell or see what happens in the morning?

Posts: 11 · Vonage Forum Associate Joined: May 22, 2006 Posts: 11

I'm still holding, I fear that the price will go down tomorrow but who knows. Who knew it would have simply gone down today? Not I else I woudln't have purchased all of these shares..oh well that's life in the investment fast lane.

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

Still holding here too. I am in it for the long now! Smile

I think we may all be pleased with what tomorrow brings! At least, that is what I am telling myself. Smile

Posts: 243 · Vonage Forum Master Joined: Jan 18, 2004 Posts: 243

standing firm here as well....

I wonder how many DSP participants are still holding positions? I'm thinking that 80% or more got scared at the initial dip and it started the sell off. Judging by some of the post leading up to today this DSP program introduced alot of new investors whom have never participated in an IPO before.

I'm not saying that today should have been a moon-shot but I firmly belive that having a DSP program really hurt the stock because it brought in people who should have never been in this at all.

Lets see what tomorrow brings... there was a little bit of buying in the afterhours.

Posts: 3 · New Forum Member Joined: May 23, 2006 Posts: 3

Holding.

Been a customer for 3+ years, great service, great prices - "mature" product. In for the long haul.

Good luck everyone.

Posts: 80 · Vonage Forum Senior Joined: May 24, 2006 Posts: 80

I think it is important to see the distinction between being a Vonage investor and a Vonage customer.

As a Vonage customer you might see the company as offering a good product at a good price.

As an investor you might want the company to charge a higher price, and spend less on customer service.

I fear that many Vonage customers became Vonage investors because they felt the service is good, without really doing a lot of research on the investor side. It may also seem like a lot of those investors got scared out today as the stock started to drop.

Posts: 13 · Vonage Forum Associate Joined: May 23, 2006 Posts: 13

LDTalk wrote:

I think it is important to see the distinction between being a Vonage investor and a Vonage customer.

As a Vonage customer you might see the company as offering a good product at a good price.

As an investor you might want the company to charge a higher price, and spend less on customer service.

I fear that many Vonage customers became Vonage investors because they felt the service is good, without really doing a lot of research on the investor side. It may also seem like a lot of those investors got scared out today as the stock started to drop.

The financials are terrible, but I figured getting in on the IPO wouldn't be too bad. If you had to purchase the shares on the open market, you had to pay a service fee for the shares as well as count on it dropping. Perhaps Insiders sold some shares and took some profit on the first day?

I'm looking to get more shares tomorrow. There was a slight uptick in the stock on the day chart, perhaps that means something?

Posts: 6 · New Forum Member Joined: May 24, 2006 Posts: 6

I do have to separate emotion form reality. I do love Vonage's product and believe it to be a cost feasible solution to alternative technologies. Having said that, there is no patent protection for the technology they use thus they are not unique.

I love Dell computers but I would never buy their stock, check it out for yourself. I use Microsoft products, but at this time I would never buy their stock, check it out.

At some point we have to separate emotion from reality, in my case that will occur at the 72 hour mark. If trend is down I will sell. For an IPO to start off negative and continue for three days indicates a negative bias against the management of Vonage or lack of Institutional investors, either of which will keep the trend negative for the short term.

For those that prefer long positions, I wish you the best, look at IBM or GM.

Excerise discretion based on your tolerance of risk. Protect your trading capital.

Regards,
Dave

Posts: 80 · Vonage Forum Senior Joined: May 24, 2006 Posts: 80

jurni wrote:

The financials are terrible, but I figured getting in on the IPO wouldn't be too bad. If you had to purchase the shares on the open market, you had to pay a service fee for the shares as well as count on it dropping. Perhaps Insiders sold some shares and took some profit on the first day?

I'm looking to get more shares tomorrow. There was a slight uptick in the stock on the day chart, perhaps that means something?

There is nothing wrong in taking the chance that a stock will go up since it is an IPO even if the fundamentals are weak. If you took that calculated risk, you were probably better prepared than most of the Vonage customers who became Vonage investors.

Now that the IPO is over and that run did not happen, it is probably smart to take a deep breath and carefully consider what step to take next.

I would say it was to be expected that the stock not close at low of day, but it closed close enough that I would not really take the upswing at the end of the day to mean much.

Tomorrow might be a good time to add to a position, but it might just as well turn out to be another down day, or alternatively a short lived upswing. If I was to trade Vonage tomorrow I would certainly pay very close atention to how the market goes...

Good luck whatever you decide to do!

Posts: 2 · New Forum Member Joined: May 23, 2006 Posts: 2

Here is my take on what happened today, if my numbers are correct.

VG 14.85 -2.15 (-12.65%) 33,832,600

Common stock offered by VG - 31,250,000 shares

Common stock outstanding after the offering 155,732,440 shares

There were 33,832,600 shares traded today only about 4,218,750 were sold via the Directed Share Program. Even if every person in the DSP sold their shares (I didn't, I only have 100 share) we are way short of 33 million shares transacted. My guess is that many of the 1300 employees have many of the shares or options at $0.70 to $7.0 a share ( read the prospectus). They are taking their pay day. I worked for a start up 10 years a go for similar stock options that if I was able to sell today for $14 a share now I would be set. They don't care if if the stock dropped 2 points they are still walking away with some cash. Until they are done cashing out, there may still be some down trending. I will be very interested to hear what Vonage management has to say after the quite period. I am in for a while.