Why is Israel’s MagicJack VocalTec dropping so fast?

redpepper · Post by **redpepper** » Thu Mar 29, 2012 10:43 pm

Why is Israel’s MagicJack VocalTec dropping so fast?

Read more: http://community.nasdaq.com/News/2012-0 ... z1qZ2IBuRD

nailgunner · Post by **nailgunner** » Fri Mar 30, 2012 6:44 am

redpepper wrote:Why is Israel’s MagicJack VocalTec dropping so fast?

My uneducated guess is that it's dropping because it had NO business rising almost 77% so far this year.

Looks like whoever made their money on that ridiculous rise wanted to get their profits out while the getting was good.

bitstopjoe · Post by **bitstopjoe** » Fri Mar 30, 2012 6:53 am

Makes sense.......

Paul777 · Post by **Paul777** » Fri Mar 30, 2012 7:10 am

yes... profit taking is all part of the give and take. Keep watching the stock though. Maybe they are having a tough time getting new subscribers and their revenue will be falling. This could be an early indicator of further trouble.

nailgunner · Post by **nailgunner** » Fri Mar 30, 2012 7:48 am

I'm more stunned at the 77% rise than the 10.5% drop. Dan and the others would have to be REALLY stupid not to have sucked some profit out of that rise.

Bill Smith · Post by **Bill Smith** » Sat Apr 07, 2012 12:08 pm

This proposed secondary offering of shares may partially explain the drop.

http://sec.gov/Archives/edgar/data/1005 ... 211299.htm

cell14 · Post by **cell14** » Sat Apr 07, 2012 5:30 pm

Wow. A perfect deal for orphans and widows . The next step would be to swap those shares for a bunch of defaulted mortages.

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Why is Israel’s MagicJack VocalTec dropping so fast?

Why is Israel’s MagicJack VocalTec dropping so fast?

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