Right at Noon ET, Vonage looked like a company that needed an EMT.
On the first morning of trading since the decision citing that Vonage has been infringing on six Sprint Patents, Vonage stock was trading at 95 cents a share.
That's less than a lottery ticket.
I am sure the stock will come back, but certainly only to a fraction of the $17 a share it experienced when Vonage first went public a little more than a year-and-a-half ago. People will buy in, though. I mean, more than eight million shares traded already, with 3.5 hours to go.
In normal times, Vonage seldom gets one million shares traded for a given day. But this fire-sale price is attracting lots of speculators.
Are you one of them, or at least tempted to be? If so, tell us why you are buying in (or selling off, for that matter).