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Why is Israelís MagicJack VocalTec dropping so fast?

 
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redpepper
Dan Should Pay Me


Joined: 13 Oct 2009
Posts: 501

PostPosted: Thu Mar 29, 2012 10:43 pm    Post subject: Why is Israelís MagicJack VocalTec dropping so fast? Reply with quote

Why is Israelís MagicJack VocalTec dropping so fast?

Read more: http://community.nasdaq.com/News/2012-03/why-is-israels-magicjack-vocaltec-dropping-so-fast.aspx?storyid=130115#ixzz1qZ2IBuRD
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nailgunner
MagicJack Sensei


Joined: 18 Mar 2010
Posts: 1548

PostPosted: Fri Mar 30, 2012 6:44 am    Post subject: Re: Why is Israelís MagicJack VocalTec dropping so fast? Reply with quote

redpepper wrote:
Why is Israelís 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.
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bitstopjoe
Future magicJack CEO


Joined: 13 Sep 2008
Posts: 2844
Location: North East Pennsylvania

PostPosted: Fri Mar 30, 2012 6:53 am    Post subject: Reply with quote

Makes sense.......
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Paul777
Dan isn't smart enough to hire me


Joined: 20 Apr 2010
Posts: 168
Location: Toronto, ON

PostPosted: Fri Mar 30, 2012 7:10 am    Post subject: Reply with quote

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.
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nailgunner
MagicJack Sensei


Joined: 18 Mar 2010
Posts: 1548

PostPosted: Fri Mar 30, 2012 7:48 am    Post subject: Reply with quote

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.
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Bill Smith
Dan isn't smart enough to hire me


Joined: 23 Aug 2009
Posts: 217

PostPosted: Sat Apr 07, 2012 12:08 pm    Post subject: Reply with quote

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

http://sec.gov/Archives/edgar/data/1005699/000117891312001037/zk1211299.htm
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cell14
Dan Should Pay Me


Joined: 23 May 2009
Posts: 673
Location: South FL

PostPosted: Sat Apr 07, 2012 5:30 pm    Post subject: Reply with quote

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