iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,698 Blog Posts

Fly Buy: $GOGO

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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5 comments

  1. matt_bear

    jesus the stock has jumped 40 cents in the last 20 mins.

    all the ibank followers buying up shares now? lol

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    • tradercaddy

      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)

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  2. duckkell

    Has GOGO taken your “top investment” title away from IMMR?

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  3. The Fly

    GOGO is not a core position, just an investment in a stock that is very undervalued.

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