Go! Go! $GOGO

I think this is going to be another winner from The Fly.

Fundamentally speaking here is why I like this stock:

Aircell Introduces In-Flight Calling and Texting for Personal Smartphones

Gogo Text & Talk service allows passengers to call and text via Wi-Fi in flight, using their own smartphone and mobile number
Company also adds voice capabilities to existing Gogo Biz service

BROOMFIELD, Colo., Aug. 28, 2013 /PRNewswire/ — Aircell (GOGO), a leading provider of in-flight connectivity equipment and services to the business aviation market, announces that its Gogo Biz service will expand to include voice capabilities, beginning October 1st. Gogo Biz was originally launched in 2009 as an Internet-only service in the business aviation market.

Do you remember how expensive it is to use the phone from the airplane?  It is almost like a legal highway robbery.  Now, if I’m paying for the internet service inside the airplane, I like the idea that I can use my smartphone to “call” someone without having to pay thru my nose with the airplane phone.   In other words, I don’t mind paying for the internet cost as long as I can also use internet voice capabilities to call someone using my smartphone. We are not talking about Skype phone here, we are talking about using your own mobile phone number. Below is an excerpt from the press release…

Gogo Text & Talk. Your Own Smartphone, Your Own Number
Gogo Text & Talk is an exclusive new service that allows passengers to use their own smartphones for calling and texting in flight – with their own mobile number.

I believe once $GOGO turns on this voice capabilities starting October 1st, revenues stream will double.

Take a look at the daily chart below:


I can see a cup and handle break out in the making.  I’m going on a preemptive strike by buying $GOGO today looking for an “imminent” breakout soon.

Oh yeah, thanks to The Fly for making me aware of $GOGO.

My 2 cents.

Categories: Cup and Handle breakout pattern, GOGO

Tags: , ,

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