GOGO had a pocket pivot. GOGO provides wifi access on airlines. GOGO earnings are currently negative, though sales have been accelerating with the most recent quarter up 48%. The overall chart formation is constructive but take into account that this stock has yet to earn anything for at least 2014, and the space could be quite competitive as larger companies could barge into GOGO's space to arrange contracts with major airlines. It is also volatile so position size accordingly. We reported on GOGO in prior reports including on its pocket pivot and buyable gap up in early November.
PPR - GOGO 12/2/13
|Published:||3 Dec 2013 01:06 ET|
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