steveblack

I have recently bought the stock of GoAmerica(GOAM), which operates the i711.com. I found that they are the only publicly traded company with Relay Service as its main business. Thus, by making my relay calls on i711.com, I am contributing to its business and thus helping my stock portofolio.

i711's new VRS is great. The picture quality is far far better than others. i711 also gives you a free 800 number for call backs.

GOAM currently trades at 7.50. Some guy on the yahoo finance message board has target of $130. I think it is high but I am confident it will be higher.

So I am increasing my wealth by just making calls on i711.com

What do you think about this idea? please comment.

Also, please do not view this post as a recommendation to buy GOAM stock. I just tell what I am doing and you can make your own decision.

-Steve

Deafness

__________________
This advertising will not be shown in this way to registered members.
Register your free account today and become a member on AllDeaf.com

shel90

Anyone can buy GOAM stock? I cant give u any feedback cuz I am still learning about stocks and bonds.

__________________
~Shel~

steveblack

yes, anyone can buy GoAmerica Stock. the symbol is GOAM, which is traded on Nasdaq stock Market. If you don't have a brokerage account, you can set up one on Etrade.com or scottrade.com

I think it is a good idea, if we all buy GOAM stock and we all use i711. Its business will grow and the current $7.59 price will be $130. that is great!

Tousi

While this sounds attractive, I really don't think you should say ".........price will be $130.00" because that is misleading. But I do hope it goes up, tho.

Just out of curiosity, did you buy in at under $7.50? Is this considered a penny stock?

Best wishes to you in this endeavor.

Dennis

How did you jump to the conclusion that one relay company that is late to the VRS market will suddenly jump from $8 a share to $130? That's a 1625% increase in stock price. No, that does not happen.

Even Google started at $100 and has only increased 5 fold and people are saying that it's overvalued. How many people use Google every day compared to VRS?

I'm not a financial advisor, but this smells like someone trying to do a "pump and dump." Make other people start buying the stock on emotional decisions rather than value decisions. The stock price briefly goes up, then drops way down because the dumpers all got out early.

Don't buy stocks unless you look at the whole picture -- financials, outlook, regulation, plans, and industry standing. What's GoAmerica's financial outlook? Aren't they still losing money every quarter?

steveblack

Dennis, good advise.

about $130 target, I was visiting the yahoo message board and read some comments and may be got carried away. I am a stock holder and want good things to happen to it.

Anyway, this guy has a blog talking about his reasons zibeaster's Stock Blog.

I bought the stock around $4 and hoping it go up higher. If you want to invest, please do the homework and look at everything. don't invest too much at once.

also, you may want to observe for a month before invest.

Just some cautionary advises.

shel90

Where do I start researching on stocks especially the do's and don't's. I want to start investing in stocks but I dont have enough knowledge on how the stock market works and when I try to read about them, the terminology just really confuses me or is too boring. I wonder if there is a book called "Stock Market Tips for Dummies"? I could use that! LOL!

__________________
~Shel~

steveblack

Tousi, I should say I just hope it goes to $130. but anything can happen and it may even go down. The stock is a small stock, only have 2 million shares and a small market cap. It trades above $5. I don't know if you can say it is a penny stock.

Again, please don't rush to buy anything.

good luck.

steveblack

shel90, I don't know if there is book like that . but you can do a google search for "investment education", find plenty of info there. If you don't have experience, please be careful and study up your skills first. You might want to paper trading first, just pick a stock, may be GOAM, pretending you bought it. then follow it to see if you made a good decision.

diehardbiker

Your hit it hard and right! No way TRS is going to boom! Why? Only 20% of deaf people now have access to VRS, just think about this once the access increases, there will be permanent decline in use of TRS. I won't be surprise this would happen. I do not buy this claim that TRS will ever boom, like it once was.

steveblack

Diehard, IP Relay has been growing fast. VRS is even fast. Where did you get the info about 20% of deaf have access to VRS? if it is true, it is all the proof that i711.com have a bright future. its VRS service is great. They will launch a VP version soon.

Y

Even IF i711.com might have some bright future,
but it would NEVER be Popular such as Google
especially almost everyone is using Google
frequently almost every day.

__________________

diehardbiker

Majority of deafies who first used VP rarely go back to TTY! Research shows it, and 98% of TTY sales have been lost in the last 5 years.

diehardbiker

Just think about it, these relay operators are funded by FCC, and that is government agency. Supposed government decided to cut it off or pull it off. How can these TRS survive? I do not trust government because they can just unplug anytime and that is scary!

Also, anytime if FCC found something that one of these Relay operator broke the regulation, wheather intentionally or not.. FCC CAN cut off fund entirely! So, I wouldn't trust in these kind of investment.

steveblack

Diehard, you have no proof of the 98%. I can actually show you a site about the IP relay growth and VRS growth. the TTY is declining due to IP relay and VRS growth, but TTY didn't lose 98% sale.

Anyway, you seems to jump to a conclusion without thinking, making up numbers along the way.

best luck to you with your bike.

Tousi

After all this discussion, FOR ME, the best thing I think I can say is that it's too bad I didn't get this stock at 4 bucks and bail at it's current price which would just about double my investment. Oh, well........

diehardbiker

Yes I did, I talked with TTY manufacturer and they are very concerned right now. :-D If you try to do business with one of these vendors who sells deaf products, they will tell you the same story, I was told already when doing partnership couple years ago.

dkf747

If they're so concerned why hasn't the prices of TTY's dropped yet?

horselover61

There are very few ppl who still use TTY but not heck alot. I toss my TTY out and was using it before cuz my exb have tty and doesnt know how to use computer or sk. So I now can toss my TTY out and not have to worry about the space on my desk. YAY!!! Also some ppl who still have tty and if I want to talk to them then I would use nextalk.com and that is like a tty on the computer. That is one way of communicate with someone who still have TTY. Some ppl who still have tty cuz their children are deaf and their way of communicate with them. But now the relay service is here and also the vrs are here too to communicate so the tty will go bye bye. Believe me. I have seen the decline of the tty.

steveblack

TTY is declining. That is a fact. But i711.com is not doing TTY, it has nothing to do with TTY.

The growth is from IP Relay and VRS. As for the stock price of GOAM, it is determined by its EPS (Earnings Per Share). For it to be a $100 stock, it only need to make 1 million dollar a month. The reason is GOAM have a small number of shares (2.34 million), 1 million dollar a month means GOAM makes $5 per share per year. with a standard 20 PE for stocks (PE is price to earnings ratio), you will get $100.

So you see GOAM doesn't have to make too much money to be $100 per share. For Google, with the same PE ratio of 20, it would have to make $127 million a month, in order to have a $100 per share price.

dkf747

Don't forget Sidekicks and Blackberry's. Now that almost everyone (Deaf) has relay on pagers, and VP's, a TTY doesn't make as much sense as it used to.

diehardbiker

It is the cost to produce these TTY, that is what is keeping it from dropping. It is NOT cheap to make products at "Limited editon". If they make too many, there will be cost to rent a space to store the surplus and that CAN hurt business. Once you work in manufacturing area you will understand. Tooling to make product is VERY VERY VERY expensive!

diehardbiker

Sure, but Videophone over wireless network, I am speaking of Sprint, Verizon, etc isn't far away! I CAN bet on it that soon we will be seeing VP using these wireless carrier.

I have done testing and was close to perfecting it! Friend of mine have done the same thing and almost couldn't tell if he was at home or on road. I can tell because you can see background I-90 near washington DC that my friend called me in his own pu truck. WOWOWOW

steveblack

Yes. You are correct. I i711.com also have good wireless products for Sidekicks and Blackberry, in addition to IP relay and VRS. Actually, the wireless products are just the extension of IP Relay.

All this talk about TTY is irelavent, because i711.com has nothing to do with TTY, and would be happy it goes away so people can use its service.

I did try their VRS, the picture quality is superb. I got an invitation from my email to try it, has anyone tried it? I am curious to know your opinions.

-Steve

steveblack

Diehard-

Videophone over wireless is the future and Sprint or Verizon has no advantage on it. They are just plumbing providers. Just like your high speed internet at home, it can be from cable or DSL from different companies, you still need to go to a VRS provider to use it.

I believe i711 has the focus to do it better than others. check out their VRS, you will know what I mean. i711 is a small company that its main business is VRS, it is public traded. So it has the focus and agility. big guys like Sprint or Verizon don't even care about relay market, its a small potato for them.

-Steve.

web730

Anything adds profit is good. I think it would be a short term rather than a long term.

If you want to invest for Google stocks, you have to pay high for every stock bond. Right now Google doesn't climb and climb right now it already boomed in last few years so I wouldn't advise to invest on Google these days now. You're in general too late to invest on Google because it wouldn't make much difference speaking of long term investing.

If you want a 'boom' stocks, look for promising companies that will grow and grow just like Walmart and Google experienced before, but you have to search and find them 'first' to invest on.

dkf747

I used to be a Designer at an auto supplier. I know enough about manufacturing. The TTY's on sale are mostly the same as they were for the past 20 years. I looked online and found one that I bought in 1995 amd it still costs the same as it did then. No new tooling was needed. I don't even use it anymore. Why would they expect people to pat $300+ for something they won't use much. The TTY is a dying breed. Probably will be in a museum soon.

Dennis

Maybe we ought to open a separate discussion as to what makes a stock a good "buy."

Adding "profit" alone isn't a good thing. Profit doesn't happen instantly. If additional work comes in without additional costs, then you've got profit. But even in relay, you have to identify the costs. Interpreter salaries are probably the biggest cost. So does GoAmerica have the right number of interpreters? What interpreters are they using? Are they lousy, non-certified interpreters? What about the technology? Is it truly as good as they claim it to be, even if the number of users skyrockets? Lots of questions there that can't be based on just "wow, this looks cool, use it more and the stock will skyrocket."