VG has been around for a long time. It has a famous brand and has a good product. The only problem is the competition. By competition I don't mean MagicJack or skype. I mean package deals by companies like Comcast. I believe below $3 (actually at 2.85) is a great bargain for traders and investors with a little bit of patience. I believe something good might happen (like buyout) in 2011. If a buyout happens price target could be $9-$12. Maybe it won't hurt if you put some money on VG. Downside is very limited.
$3.40 now. I am selling 20% of my holdings and will sell more as if goes up.I will buy back if it hits $2.90
VG is a poor investment at this time over just being long the market, imo: http://www.elitetrader.com/vb/showthread.php?s=&postid=3284515#post3284515
I agree. That is why I just recommended to "put some money" and not a lot as a spice in your portfolio.
VG: Buy signal if price 7.40% above last close. Sell signal if price 7.40% below last close. This strategy would have returned 253% over the last 12 months, if traded SAR (long and short), with drawdown of 28%, if my calculations are correct. Reward/drawdown was about 7x better than for B&H using this strategy. Not suggesting it would still be a good idea to trade this way, just saying what would have worked reasonably well.