In 1994 a $10,000 investment in a new high tech startup company called Yahoo! would have made you a multimillionare in just 2 short years. The concept was new and not well received right away....but over the course of several quarters, investors found that, yes, you can actually make money from the Internet....Is Go800, touted as the new 'digital' Yellow Pages, going to capture a similar following?...only time will tell, but the numbers are beinning to be crunched and with such low margins similar to Yahoo the possibility is gaining momentum...just several months ago it was hovering around the 0.0005 area .... yesterday it closed up another 16% (32% in 2 days) at 0.0145 and as TA chart watchers know, it is not behaving like a regular penny stock....A steady stream of events have and are occurring for GOIG that has created a very strong amount of buying pressure .... TA shows that there is no sense in selling currently unless you are a day trader...at a given 20X earnings multiple, IF next month the revenues start, as CEO Ike Sutton says they will, a share price of not less than 4 - 6 cents / share is reasonable....however, assuming the 'Hyper-growth' potential of the tech industry they are in (text messaging usage) the Yahoo valuations of the 90's could take over and push the stock well beyond 'pennyland'. IMHO......Do your own DD...
AI
