Vonage Holdings Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Vonage Holdings

VG 8.485

-0.9%

10:12 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pcyhuang who wrote (51)	5/1/2007 1:42:40 AM
From: MENSO	Read Replies (1) of 141

A breakout occurs when the price not only passes through but, of equal importance, then stays above an area of support or resistance. Thus, calling what VG did last week a breakout on the day it happened was probably premature - as the closing prices since then would seem to indicate. IMHO VG is headed for the low 2's, likely within a few weeks. We could see a brief respite after earnings, depending on how much of a spin the company manages to put on rapidly worsening fundamentals. Incidentally, I closed my short position last week; and I am unlikely to short VG again due to the likelyhood of a buyout, which I believe is the only way Vonage can now avoid inevitable bankruptcy. In other words, I have no vested interest in voicing my bearish opinion above in case you might be wondering. Good luck to all, bulls and bears alike!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next