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OfficialSteveChen
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A student who invest. I am a Computer Science Major.
  • Reminds Me Of Facebook 0 comments
    Jan 19, 2014 1:15 PM | about stocks: FB, GOGO

    The stock GOGO reminds of FB after the lockup expires. Investor starts to dump FB and the stock reaches all-time low. Now GOGO is the same. I bought Facebook back when it was $26 and sold it around $40. When I saw GOGO dipped down from $35, I was monitoring all days because I want to buy at a discount rate. From the growth prospective, GOGO will turn profitable anytime this year or maybe early 2015. As more and more people cannot live without the internet, people will be willing to pay $14 to GOGO instead of $8 for a movie on a small screen from the back of the air-plane seat (Furthermore, the screen resolution is not good). I consider majority of the people who are able to travel on a plane be somewhat in the middle class, so paying an extra $14 for a better entertainment on the plane seems just reasonable. If one travels often, I do think he/she earns at least 6 figures a year, so paying $39.90, for unlimited internet per month, and pick your favorite airline and entertain oneself seems reasonable too. I believe as more and more people use GOGO, the price will start to decrease in the future. I know some might say if too many people use the internet on the plane, the speed will be slower. I do agree with it, but it is just a short term problem because I believe technologies will be able to solve the problem. Just wait and see, GOGO will be the best growth stock for now.

    Disclosure: I am long GOGO.

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