I added to my GOGO position. For those of you who guessed GOGO as being my next large position, you were right.
The company will be unveiling their latest technology on 9/11 and be launching phone/texting service for flights starting on 10/1 for iPhones and 11/1 for Android users. Considering the company is trading less than 4x sales and 6 points below its offering price, doing nothing but beat estimates and guide up since being public, I like my chances with the stock below $15.
Target: $20
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jesus the stock has jumped 40 cents in the last 20 mins.
all the ibank followers buying up shares now? lol
I was just going to comment about the spike of about 3% in the last 30 minutes.
Looks like Fly has influenced GoGo.
I checked it out (although not for my style of trading) because I thought it had something to do with Go Go boots and half naked women dancing in cages like in the ’60s Hullabaloo TeeVee show.
When I was a kid watching that show I knew I wasn’t gay.
http://en.wikipedia.org/wiki/Hullabaloo_(TV_series)
Has GOGO taken your “top investment” title away from IMMR?
GOGO is not a core position, just an investment in a stock that is very undervalued.