I’m playing some catch-up today and offering you two potentially bullish speculative stocks with tremendous upside but some definite risks. Please perform your due diligence on these before you decide to invest to make sure you agree with me and not follow my beliefs blindly. I’ve spent a significant amount of time studying these stocks to make sure I’m a believer in them before I posted so I hope you appreciate these lengthy articles. Here is stock 2 of 2.
This morning I’ve initiated a position in a speculative play, GoIP Global, Inc (GOIG). After much due diligence, I feel GOIG is a favorable risk/reward play with long term potential. GOIG, though its subsidiary Go800, LLC, capitalizes on the text messaging sensation with a patent pending system that will allow customers to connect to desired companies with a simple text message. For example, you need to call a cab in a town you are not familiar with. All you need to do is text message GOIG’s service with the keyword “taxi” and you will receive a phone call within seconds from a local taxi company based on your cell phone geographic location. GOIG is paid $500 per month for a company to use that one keyword and I’d imagine in time, they would use it similar to a Google Adwords where some keywords cost more than others because of their demand. Speaking of demand, Ike Hutton (CEO) states that he is already in contact with numerous companies that are ready to purchase at the launch of this application later this quarter. That is good news as the company is hurting financially. They need a strong source of revenue to build off of and this application should do the trick if the demand is as strong as he says it is…and I believe the demand is high. As the younger generation continues to develop into the next working class generation, text messaging usage will only increase as that generation was raised on it more so than the previous one. That means GOIG’s target consumer will only expand over the years as more and more kids are raised with texting messaging as second nature. Frankly, I’m a bit disappointed I didn’t think of this as it is not some concept that would be hard to imagine. Don’t wait, read this bullish interview with Ike posted yesterday before you continue further. (more…)