Sometimes it's about more than the money.

Posts: 22 · Vonage Forum Associate Joined: Jul 12, 2006 Posts: 22

I have owned 20,000 shares of Vonage Common stock for some rime now, and kept it through the thick and the thin because I use and love the service, and do not want to see the big guys kill them. In the past I bought and sold stocks to make money. I own these in my retirement accounts, and this is more than half my savings. I have worked very hard for this money. I also kept them of course to make money, because I believe in the company. I do not personally know anyone who works for Vonage. I know that their meeting is later this month. My only question is that I wonder if I spent my money to fly down there and back, if they would pick me up at the airport and drive me back.

Posts: 20 · Vonage Forum Associate Joined: Jun 30, 2005 Posts: 20

It's not more than about the money. Don't throw your money away on speculation, unless you can afford to loose it.

Posts: 22 · Vonage Forum Associate Joined: Jul 12, 2006 Posts: 22

purchased 50000 more shares at 3.15 ea

Posts: 20 · Vonage Forum Associate Joined: Jun 30, 2005 Posts: 20

Speculating can make you a lot of money, if you don't mind the risk.

Posts: 59 · Full Forum Member Joined: Jun 01, 2006 Posts: 59

If you bought your original shares at the IPO price, it means you still need VG to go to $7.10 just to break even on your investment.

So let me get this straight...

You just spent another $157,500 to try to recoup your original losses (you had lost roughly $280,000 of your original $340,000 investment), and you still need the stock to rise over 130% from its current price to break even?

Please, hire me as your financial advisor. I'll recommend 100 stocks that are a better investment than VG and I'll only charge you 10% Smile

Posts: 1 · New Forum Member Joined: Jul 11, 2007 Posts: 1

smart wrote:

purchased 50000 more shares at 3.15 ea

Ummm....ya might wanna change your login name.

LOL.

Posts: 66 · Full Forum Member Joined: May 25, 2006 Posts: 66

Quote:

purchased 50000 more shares at 3.15 ea

You're taking a risk you cannot afford to take. That's really really stupid.

For your own sake, I hope you gain some sense before you need to get to your retirement fund.

The liklihood is it will continue to drop, and the incumbents haven't even bothered swatting the small pure-voice operators yet. As soon as Vonage is above the radar, there'll be a fight. And the smart money goes on the incumbent.

There are much better investments around on the stock market at the moment in my opinion.

Posts: 409

smart wrote:

My only question is that I wonder if I spent my money to fly down there and back, if they would pick me up at the airport and drive me back.

Probably not.

Posts: 3 · New Forum Member Joined: May 25, 2006 Posts: 3

This is not only crazy, it is also very dumb. If you like their service, keep using them, but why do you need to own so many shares?

Posts: 3 · New Forum Member Joined: May 25, 2006 Posts: 3

smart (umm..should be stupid). Are you still holding strong? I am really concerned about you.