For those of you that joined us on the MagicJack (Ticker: CALL) bandwagon are all sitting very good right now. As we predicted the Company would rally as the market found out about the reverse merger opportunity after we called it out to our subscribers.
We still remain overly optimistic about the Company although we have been trading it in the last few days. The Company is providing new telephone services much like Google (Ticker: GOOG) through Google Voice:
The company behind MagicJack has created a new program called MagicTalk that will have no calling fees when calling from computers, smart phones and iPads. Free is always good.
MagicTalk would go one better by eliminating fees for calling landline and cell phones in the U.S. and Canada, with no time limits on the calls.The software will be available next week for Windows and Mac computers. Versions for the iPhone, iPad, BlackBerry and Android phones will follow in September or October, said Dan Borislow, the CEO of VocalTec Communications Ltd.
We believe this is going to continue to make strides both in market share and price per share. Watch for the new bottom on the current pull back we are having. The hedge funds and speculative players pushed it up fast and a new bottom will form soon.