Here’s how you can make back all that money wasted on paying access fees for slow internet connection on air flights. Check out this chart of GoGo (GOGO)…(or “slow go”, as I call it). (February 16, 2016)
BA SP-500 DJ-30 T SOC DJUSST CLF AKS X FDX FCX TCK DJUSST IBB EW BIIB SWHC GLD SSEC-X SWHC SP-500 HRL OME PNRA TRIP EXPE
I want to look a GoGo ( NASDAQ:GOGO ) here, or as I call it GoGo NoGo SoSlow. This is the company that lets you get on the Wi-Fi when you’re up flying and then you have to watch a webpage load for 5 minutes before it times out and you do it again. They reported earnings that are (here’s my shocked face), lets just say, lower than expected, right? Well you can get back all of your crappy access fees that you’ve paid, since this whole thing has been in existence, in this one trade. Here’s what you do: Look at what happened to LPLA ( NASDAQ:LPLA ). Remember this one? A really nasty day on Friday and then today got a couple of upgrades, I mean you can see almost 20 percent, fine, great, where’s the trade? Get your flux capacitor; know that a couple of analysts are going to upgrade this stock on Tuesday; buy it on Friday and there’s your 20 percent.
For the rest of us mere mortals what you do is this: You look at Friday’s intraday high of 17.95, and once the stock breaks above that level that’s when you buy. Had you done that, a real simple trade, you’re up almost 10 percent. Look at the square on the left side of this chart, you’ll see, up almost 10 percent, by just buying on a new intraday high after a big massive sell-off. So here with GoGo ( NASDAQ:GOGO ), what do you do? Tomorrow, if the stock starts trading above 10.21, and probably will because this was massive dumpage; if it starts trading above 10.21, that’s when you want to buy it. You can see what happened, it gapped down. A lot of times by the way, this type of thing will gap down so low that the opening print is actually the low of the day. Here, not so much, it took about a half and hour for all of the selling to get done and then the stock gradually moved higher throughout the day. The biggest volume was down here in these levels.
So now, if you’re just looking at the price action, where all the volume action was, that’s right here. So we draw this over, if this stock gets above this level then all of the folks who bought are happy, they’re winners. All of the folks who sold are kind of bummed out that they sold. Some of them are going to buy it back. So this is a real easy way to take advantage of these spontaneous combustions, where these stock just absolutely get crushed, you wait for the stock to come back up above the intraday high, on the devastation day, and that is your sign that you can buy this stock and you’re going to wind up making some money on this. Anyway, hopefully this will pay for a couple of slow internet connections on your next flight.
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