Your comment re: 25k subs should not be trusted -- the author didn't claim that, just someone who posted some garbage that was appended to his article
Here you go for the source notice my bold and italics
blogs.barrons.com
August 26, 2009, 11:01 am
Vonage’s Astonishing Run Continues; Volume Explodes
Posted by Eric Savitz
Oh my, goodness gracious me.
Vonage (VG) this morning has extended its wild run. The stock is up 65 cents, or 40.9%, to $2.24. That follows a gain of 165% yesterday. The now 7-day run in the stock started with the stock at 38 cents. The shares have since rallied 495%.
Perhaps the most amazing new thing this morning is the volume: the stock already has traded close to 35 million shares, nearing the 38.5 million VG shares which traded yesterday, the highest ever one-day turnover in the stock. In just over a day, total trading volume in the stock is 46% of the company’s 157 million shares outstanding - and based on data from Yahoo Finance, close to 100% of the float.
As I noted yesterday, Vonage has declined to comment specifically on the activity, but has confirmed that demand has been high for its new $24.99 flat rate Vonage Global plan that includes unlimited call to more than 60 countries. The company also confirmed that it plans to enter the mobile application market.
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Comments
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This stock will keep moving higher.
i think it is a new repricing of the stock. the EPS was positive and should have sequential q/q and y/y growth hence.
Comment by VonageLover - August 26, 2009 at 11:07 am From what I have been hearing, new subscriptions have jumped to 25000 a day.
Comment by Insider - August 26, 2009 at 11:09 am It’s going to $10. it cannot be stopped; put together VG, AT&T, apple &iPhone…something is cooking..it’s big…
Comment by VoIP Guru - August 26, 2009 at 11:16 am This is confirmed. New subscriptions have indeed jumped to 25000 a day. The international calling feature has attracted customers who have immigrated from all around the globe as they can now get to call their country of origin in the same flat rate as local/national. With this rate, you are looking at 9 million subscribers over a year quadrupling the growth.
Comment by Insider - August 26, 2009 at 11:18 am too many people selling for stock to maintain its run up let it keep coming down and i will continue to buy buy buy
Comment by stock trader gooroo - August 26, 2009 at 11:43 am I heard this stock should hit $3.35 by the end of the week. I was looking at this stock at $.60 at the start of the rally; wish I had bought in sooner. I’m gonna keep buying til mid-Friday.
Comment by wow - August 26, 2009 at 1:29 pm GOOG in Talks with VG ???
Comment by Silicon Savvy - August 26, 2009 at 2:30 pm Word here has it that one of the oldest investment clubs in America more than doubled their holdings in VG on Thursday last just days before the big move. Wonder what they knew?
Jim
Comment by yelnek - August 26, 2009 at 2:51 pm i am going for it everyone jump on because they can have enough
money to launch another satalight for the cell business
then watch the stock skyrocket
Comment by Anonymous - August 26, 2009 at 4:06 pm |
