Going for Gogo

About a year ago, I was considering Boingo Wireless (WIFI) as one of the possible winners in the public WIFI race. If not a winner on its own, then as a takeover candidate. At the time, Gogo (GOGO) wasn't public. When GOGO went public, I should have made the switch. While I have used WIFI on some of my hotel stays, I have used Gogo more on the planes. It is a much more captive space, at least for now. The one downfall could be if folks can use their phones and create their own hotspots or just text from their phones, but I'm thinking they will still have to go through the GOGO Wifi while on the plane -- at least for some time.

The valuation isn't cheap as it currently stands, but the stock has pulled back quite a bit and investors buying here are not buying for the current valuation, but based on the potential. The chart is what draws me into Gogo though. Over the last two days, it has had every opportunity to break down, but just refuses to do so....200 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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