I told a reporter yesterday that I wasn’t sure if I would invest in Vonage as it first goes public but I would if it dips a bit. I don’t know where the magic number is but I get the feeling this will be a volatile one.
If I am right and it is volatile then the question is what is the low and high point for the stock. I would likely invest if it drops to $12 because I get the feeling that they will soon exceed numbers. I don’t have inside info so consider this pure conjecture and put as much value in this as me telling you to bed on red in roulette.
Here is an article on the stock dropping on early trading.