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I bought Vonage (VG ) at the beginning of the year as (documented on my personal blog - Jan. 3 2007 paid $6.65 - now $5.85)  expecting the shares were the victim of tax loss selling and that I'd see a big snap back as soon as those who bought the stock at the IPO for $17, sold to recognize tax losses and offset gains.  While sellers may have been hitting Vonage it would seem no such snap back was anywhere to be found.  I'm still holding while I try to get a better handle on the company.  The have a business that operates at a positive cash flow once they acquire a customer.  It's that customer acquisition that's killing them.

 Here's the link to an interesting blog by Eric Savitz of Barrons on Vonage.

Disclosures and Confessions:   I own Vonage (VG) as a short term speculative holding.  I also have Vonage phone service.  At first I found it unreliable, now I find it very useful.  I like getting my phone messages as emails and being able use my phone number from anywhere I have an internet connection.  In the long run, Vonage has too much competition.  Their best hope is to be bought by a huge company with distribution but very customers.

Disclaimer:  Nothing in this blog is meant to be specific financial advice or a recommendation to buy or sell.  I do not give investment advice.  Do your own research.  Do not rely on anything in this weblog to make investment decisions.  I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security