3SOF

ITS SIMPLY A CORRECTION
NEVER SHOULD HAVE DROPPED
$3 A SHARE IS A MARKETCAP OF JUST $150M.
EGHT HAS $37m+ IN CASH
(JUST RAISED $14M AT $2.10 A SHARE)
IT IS THE BEST RATED VOIP BY PC MAGAZINE AND GURU TOM'S NETWORKING.

EGHT...have invested in the past, even with the name change to Synergy, then back to 8x8.

I am long on this stock for fundamentals and growth potential.  Sold out of stock at $1.90 to pursue other short term gains.  Looking to get back in at good price.  Should report earnings tomorrow, which presumably not great, but CEO to present on Thursday which I anticipate to be followed by institutional buying. 

Any advice?

I'm not sure if todays session was a sell signal, because the overall short term pattern is very strong, with an ascending support and big volume. I don't believe on a correction below $1.85 for the next days.

HAve played EGHT also and posted here on it. The 200ema sure is the resistance area $2.44 on the daily chart so far it has only spiked through it. I try not to hold through earnings so will be watching. $2 is key support for me.
Mike

Humm, yesterday it went down ahead of earnings release. EGHT is a strong candidate for a sale today.

Thanks for info.

down in the pre-market

Guys I know this stock makes everyone a little nervous but something is brewing! Most say no news means no business but I think the guys have been heads down working on some deals. 

-First, the whole VOIP sector is hot and consolidation will occur
-BLS and other major carriers are in need of a consumer VOIP product which they don't currenty have. Outsourcing could be a short term answer or a test phase for a buy out.
-125mln shelf offering, some think they need to continue operations but if a major deal were to have landed then they would need capital to be able to handle business mobility issues.
-They have a nice patent package that's true value has yet to be unveiled.

Thoughts?

Time will tell but my money's on EGHT.

Stock has been held up for a week and today large buying at COB.

Guys I know this stock makes everyone a little nervous but something is brewing! Most say no news means no business but I think the guys have been heads down working on some deals. 

-First, the whole VOIP sector is hot and consolidation will occur
-BLS and other major carriers are in need of a consumer VOIP product which they don't currently have. Outsourcing could be a short term answer or a test phase for a buy out.
-125mln shelf offering, some think they need to continue operations but if a major deal were to have landed then they would need capital to be able to handle business mobility issues.
-They have a nice patent package that's true value has yet to be unveiled.

Thoughts?

Time will tell but my money's on EGHT.

Stock has been held up for a week and today large buying at COB.

this link has useful info; click on 'small wave'

http://risingtides.tz4.com/

Here's my 2 cents:
http://www.trade-ideas.com/StockInfo/EGHT/8X8_INC_NEW.html

Notables:
Closed up for the previous 4 consecutive days
Range expanding

EGHT is forming a beautiful Ascending triangle with a profitable projected target out of the breakout point. Along with a great financial backbone.

Company Profile:

8x8, Inc. develops, markets and sells telecommunication services and technology for Internet protocol (IP) telephony and video applications. The Company's products include the Packet8 broadband voice-over Internet protocol (VoIP) phone service, Packet8 Virtual Office service and Packet8 videophone equipment and services. The Packet8 voice and video communications service (Packet8) enables broadband Internet users to add digital voice and video communications services to their high-speed Internet connection. Packet8 Virtual Office is an alternative to private branch exchange (PBX) systems or Centrex class services from legacy telecommunications providers, and provides added features and services. Other offerings include wholesale voice and video services, desktop terminal adapter (DTA), desktop IP videophone and Packet8 enabled handsets.

On August 25 8x8 had their share holders conference and had some great developments in their financials. I copied some slides out of the PDF file and posted them below. This company is growing fast stock prices should reflect the growth of the company I havn't been able to find anything on the release of the Q3 financial report or any estimates of what there revs, net inc, etc. are. So if anyone can come up with any info i would appreciate it!

-8x8 has had some nice PR's recently as well. One of the share holders of EGHT has dontated 100 Packet8 VideoPhones to emergency personel services to aid in the Katrina disaster. This is irrelavent in bringing in money in the event itself. But this is excellent advertisement for the companies products and gives the company an excellent name.

Level 3 communications(LVLT) Another company that caught my interest about a week ago i see is also involved in this company Heres a recent PR of their relationship:

NEWS:
Level 3 Communications (NASDAQ: LVLT) and 8x8, Inc. (NASDAQ: EGHT), the Packet8® broadband voice over Internet Protocol (VoIP) and videophone communications service provider, today announced enhancements to their business partnership to deliver high-quality VoIP and videophone solutions to 8x8's customers nationwide. In an effort to accelerate VoIP reach and adoption, Level 3 and 8x8 will collaborate to expand 8x8's residential and small business channel and partner programs. 8x8 offers a variety of channel programs including agent, co-branded and wholesale models to support the capability to reach these two key market segments.

Level 3 and 8x8 have worked together for nearly three years to deliver voice and video services over Level 3's network, which is one of the largest Internet backbones in the world. To date, Level 3 has provided 8x8 with (3)VoIP(SM) Local Inbound, (3)VoIP Enhanced(SM) Local, and E-911 services for subscribers of Packet8 services.

Under the terms of their ongoing expanded relationship, Level 3 is the wholesale network carrier for 8x8's Packet8 voice and video Internet phone services, and 8x8 is a member of the Level(3)Enabled(SM) Master Reseller program, a program that provides assistance in driving sales for select partners. As part of this program Level 3 works with 8x8 to identify and target prospective channel partners for 8x8's channel program. 8x8, in turn, is able to work directly with those partners to provide robust and reliable VoIP solutions to retail or end user customers. As a part of their program, 8x8 will also partner with selected resellers to identify end users, aid in training, recruit agents and participate in industry events.

"8x8 has grown to become a well respected provider of voice over IP services and Level 3 values the relationship that has evolved between our companies. We support the success of the 8x8 partner program," said Craig Schlagbaum, Level 3 vice president of channel development. "Level 3 is focused on being the premier wholesale VoIP enabler. By concentrating on a smaller number of highly capable partners, Level 3 can focus on developing more robust sales programs to help drive the adoption and growth of services provided by Level 3 enabled VoIP customers like 8x8."

"8x8's relationship with Level 3 and its use of (3)VoIP Enhanced Local and E-911 services have been very positive and productive from the start. We are very pleased to be moving forward together to increase VoIP adoption through our resellers," said Huw Rees, 8x8 vice president of sales and marketing. "This mutually advantageous program will provide us with an opportunity to expand our distribution channel, particularly in the small business market segment addressed by our Packet8 Virtual Office(SM) offering."

Packet8 Virtual Office is a no-maintenance VoIP hosted PBX telephone service designed to offer small to mid-sized organizations a feature-rich audio platform for the implementation of effective business communications. The Packet8 Virtual Office provides users with an array of business-class features (i.e. auto-attendant, conference bridge, voicemail and extension to extension calling) along with unlimited local and long distance calling to the U.S. and Canada. Companies that subscribe to the Packet8 Virtual Office hosted PBX service operate as if they are using a premise-based switch yet derive flexibility, functionality and cost savings due to the Internet-based nature of the service.

To check out all the latest PR' on 8x8 visit:
http://www.8x8.com/index.php?s=press_releases

And now for the TA:

Price action has formed a text book ascending triangle. They can't get much better than this one A breakout of the triangle at $2.50 gives us a technical target of $3.86 which is a 54% profit. Though backed by the growth of this company and its recent developments, my plan for entering is a bit different and can turn out a higher profit, yet it is more risky. On friday price action closed below the the 20 day EMA and is closing in on the ascending trendline again hopefully just to be retested. So my plan is to is to fill a position on the next close above the 20 day EMA.

Feedback is always appreciated.

And as always, best of luck

-fousc

Charts and Slides of Investor relations:

Share holders conference

8x8 closed above the 20 EMA day though i wasn't around for the closing to fill a position. Count me in though tommorrow morning at the opening bell .

Some more good PR's released from 8x8 Today:

8x8 Licenses CounterPath's eyeBeam to Develop a VoIP and Video Softphone for the Packet8 Broadband Phone Servicehttp://www.8x8.com/index.php?s=press_releases&item=142

8x8 Partners With First Communications to Launch Co-Branded Internet Phone Service Offering
http://www.8x8.com/index.php?s=press_releases&item=141

-fousc

i used packet8 (for my VOIP phone) and that's how i took the name "rocket8"
EGHT was the first stock i suggested 6 months ago.
dave selected it for a 3stocks pick twice.
i made good money on EGHT and then was I down on its prospects for a while.

today i got an email from 8x8, inc. that they licensed a software phone like SKYPE.
i can't wait to try it.
packet8 is a good service. 

good luck with your trade.

i have a problem buying back stocks at a higher price after i sell them.  maybe i should.

-rocket8

Thanks for the feedback rocket. I was unware this was a former 3SOF pick as ive only been around since late June. Gives me a little bit more confidence about my trade knowing that dave has had a hand in this company as well. I'll have to check out his prior trades of EGHT in the new "Previous picks" area .

-fousc