Its time to buy Vonage

Quote from michaelscott:

Up 5% today. I got in under 3 some days ago which seemed to be like a smart move considering the chart.

Distressed stocks like Vonage can still be very profitable trades. I feel the potential is there for at least 3.5...

When did you buy it? I've been following it, but it's a train-wreck of a company.
 
For some reason, I checked VG and it dumped below $2. Guess some shorts decided to cover on Friday.


Funny, it was in a nice little 2.96-3.30 trading range for awhile and finally dumped down below $2.

I'd still stay away...
 
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