Vonage STOCK is dipping................

Opened at $17

Juicy you will be alright ;-) give it 3 months

Booya Jim Crammer made this stock pick: DEO
check it out and don't tell anyone about it ;
when all stocks go down or up, the ATF related products do excellent.
Gold dropped.. ;-(

right now the company is bleeding cash. can their business model be profitable is the big question. personally i believe companies like skype will blow vonage out of the water

Realy !!!!!!

This reminds me of that thread about SIRI.

Lesson to be learned, don't take stock advice from GFY.

The cable companies are going to own the VOIP market. People like the convenience of one bill.

When everybody was getting excited about the IPO I tried to warn em. This is not the horse to back for the VoIP race.

This is from Vonage:


The price you will pay in this offering for each share of our common stock will exceed the per share value attributed from our tangible assets less our total liabilities. Therefore, if we distributed our tangible assets to our stockholders following this offering, you would receive less value per share of common stock than you paid in this offering. Assuming an initial public offering price of $17.00 per share (the midpoint of the range set forth on the cover page of this prospectus) the net tangible book value adjusted for the net proceeds of this offering at March 31, 2006 was approximately $433.1 million, or approximately $2.78 per share. Pro forma net tangible book value per share represents the amount of our total consolidated tangible assets less our total consolidated liabilities, divided by the total number of shares of common stock outstanding. Accordingly, if you purchase shares of our common stock in this offering you will suffer immediate dilution of $14.22 per share in pro forma net tangible book value. This dilution is due in large part to the fact that our earlier investors paid substantially less than the initial public offering price when they purchased their shares of our capital stock and the losses we have incurred.

....and it means absolutely nothing.