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magicJack VocalTec Ltd. Message Board

  • saxangle saxangle May 19, 2012 12:45 PM Flag

    Magic Jack fails the smell test

    Fortunately, we don’t own any more Magic Jack stock and actually made money on it. I’m sorry I just can’t handle the bizarre way management treats their shareholders. I never buy reverse merger stocks but the story and product on this was so compelling. I’m not going to make any allegations here because bloggers have been getting sued left and right but let me say, I have to redo my checklist. There is a flaw in the process as there is no way to account for the possibility of fraud. Granted this possibility exists in almost any transaction. Magic Jack is no exception. Formerly one of the highest rated stocks we’ve seen, ( we are now withdrawing our rating entirely. This is why:

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    • Yup, I think you will turn out to be right. I got that same feeling back in late January and I sold out at around the high 14's, for a modest profit........bad decision because the stock went up to 28 or something! Yet all the time I was kicking myself for selling out prematurely, I KNEW that something was wrong here.

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