LIVING OFF DIVIDENDS & PASSIVE INCOME

Vonage has lost a case against Verizon over patent infringement. In a ruling today, its no longer able to market it services to new customers.

According to Vonage’s lawyer, the ruling comes as ‘a bullet to the head’! Vonage’s stock (ticker: VG) closed at $3.38 on thursday. The markets were closed today, but I expect them to sink like an old router on Monday!

Surprizingly the CEO, Jeff Citron, who was fined $22 million by the SEC and banned from trading securities when he ran Datek for scapling retail investors, hasn’t sold any of his 42 million shares.

Maybe he knows something we don’t?

• Bank of America Announces Free Online Trading According to Bloomberg.com"Bank of America Corp., seeking to attract new clients, offered free online stock trades to customers with accounts of at least $25,000, sending shares of discount brokers lower.The second-largest U.S. bank said customers in New York, Boston and other cities in the northeast U.S. will get 30 free......
• Did The US Treasury Manipulate The Gold Price Down? Here's a really interesting article. You can read it yourself and judge how accurate it is.Did The US Treasury Manipulate The Gold Price Down? Here's some interesting parts of it...On May 11, 2006, the gold price hit a 26 year high of US$719.75/oz. This represented a 50% increase from only......
• Why your mortgage broker is so rich? Spoke to a mortgage broker last night. He says business is down but not too bad. Apparently he specialized in sub-prime loans and it wasn't uncommon for him to make 6 points off a loan. thats $24,000 commission off a $300,000 loan. If that isn't obscene profiteering I don't know......

• What Price Freedom and Justice? Introduction When there's a war on in one's country, say WW2 in the Europe, the people unite against the common enemy and accept that some will die so that the war is won and the next generation can continue. If you lived in the UK, the consensus was that you'd......
• Weakon 235: Stocks, Intermediate Prerequisite: Weakon 135 In my Weakon 135 class we introduced you to the concepts of stock.  We looked at what a stock actually is, and of course what it represents for its owner.  Today I'm going to show you how a stock interacts on the various exchanges, thus determining a......
• 03/18 - ETF Trading - No Trades Today The broader stock market remains very overbought (see the updated chart for SPY below). Notice the high RSI(2) reading. It's been over 99 for the past week. I don't think I've ever seen it hit 100! As such, I have no etf trading suggestions for today. A stock market pull-back......

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