3SOF

but right at the end of the day the bottom fell out - closed at 1.53.  After our last losing run on eght I'm staying well clear.  On deeper digging, it seemed like the company was seriously mismanaged.  Something's gotta be up if they broke another trendline despite good earnings.

Quote from: ScottishTrader on October 28, 2005, 03:41:49 AM
Something's gotta be up if they broke another trendline despite good earnings.

Scotsman,

Agree.  It looks the market's reaction to earnings was as cranky as my reaction to earnings yesterday morning.

Quote
I wrote some comments about that earnings report, but it sounded too cranky, so I deleted it.   

Why do you all expect EGHT to go up knowing full well that profitability is nowhere in sight? There are a lot of companies that grow revenues substantially and never go up because they have red ink all over their financial records?

Am I missing something obvious? Thank you in advance

To me it is all relative, and a loss-making company can still produce positive earnings/results, and make positive movement on its shareprice.  However, I think that EGHT may be in some trouble now.  To be honest, I think they don't seem to have turned things around yet, and we will see lower prices on this one in the near future.

I think myself and Melf Elf had been positive on this one from a technical perspective a little while back, as it seemed to be developing a nice technical pattern.  However, it broke down out of that, and it looks like it will continue to do so.

So no, I don't think EGHT will go up in the near term.

EGHT closed up 3% today.
Have you guys found any reason to think it is overcoming it's "mismanaged" image and should start to go up? I'm thinking I should take a 20% hit and put the $$$ into MEMY (biggest insider trade ammounts I've seen).
Everything I see looks like it should keep going down.
Thanks in advance for the help.
gman

EGHT did not see 3.00 a share nor did it see 2.75 per share...

I think rocket is trying to say that it should be $3 a share... .40 a share in cash is pretty insane for a $1.75 stock.  At $3 a share, EGHT would have .25 a share in cash... still pretty impressive.  The fundamentals are good in that regard but still losing money and I don't really like the chart that much... so I dunno if I agree with rocket.  Very little volume on break from trough and even though MACD is positive,  EGHT is still bound to a pretty tight range and is right under both 50 dma and 200 dma.  No price action that would suggest a possibility for breakout over the dmas.  Here's the chart:

Did anyone else notice EGHT today??

Up over 50%

I was about to put an order in at 1.47 and I turned away for a second and suddenly it was at 1.59 -- now is just blowing up!!!  Got a fill at 1.75 - will see where it goes!  Absolutely blowing up - over 1.9 right now!!

Sure did ScottishTrader .
I think we were about to post at the same time .....

pulling back - watch for the bounce off 61.8% fib at 1.78-1.79

I meant 38.2% fib, but we just got it

ok now that was nerve wrackin!!!

shoulda taken my profits at around 1.95 when I saw it top, but it was just so volatile, I couldn't do it - was simply mesmerised, and then very quickly nervous as it started skating around my (ridiculously high) buy of 1.75 - did I mention I was about to put a buy in at 1.47 when it exploded???

So I held on for the weekend - it bounced prefectly off the 38.6% and 50% fib retracement levels, as you can see on the 1 min chart (I don't normally use these, but it shows how beautifully it bounced).  And I figure that the day traders will have taken their profits as they don't want to hold for the weekend.  My feeling is that Monday will also be strong, pushing 2.00 again if not higher, so we shall see.  As I write this it is sitting at 2.02 AH, so that bodes well.  It could really explode on Monday.  (Did I say that the Volume today was the highest in well over a year?)I see key resistance at 2.00 - potential target could be recent highs of 2.50

Here are a few crazy charts

I guess they seen this news coming out......
And check this out it is up in the after hours

8X8 INC (NasdaqSC:EGHT) Delayed quote data 

**********After Hours (RT-ECN): 2.20  0.4573 (26.24%)********

Last Trade: 1.7427
Trade Time: 4:00PM ET
Change:  0.5227 (42.84%)
Prev Close: 1.22
Open: 1.21
Bid: 1.91 x 4800
Ask: 1.94 x 1400
1y Target Est: 7.00

  Day's Range: 1.21 - 1.98
52wk Range: 1.03 - 4.47
Volume: 7,154,959
Avg Vol (3m): 600,478
Market Cap: 93.91M
P/E (ttm): N/A
EPS (ttm): -0.463
Div & Yield: N/A (N/A)






Press Release Source: BellSouth Corporation


BellSouth Teams With 8x8, Inc. To Deliver VoIP Phone Service to Residential Customers
Friday December 9, 4:20 pm ET 
BellSouth(R) Digital Phone Service delivers easy-to-use broadband telephone service


ATLANTA, Dec. 9 /PRNewswire-FirstCall/ -- BellSouth (NYSE: BLS - News) and 8x8, Inc. (Nasdaq: EGHT - News), the Packet8 voice over Internet protocol (VoIP) and videophone communications service provider, today announced the signing of a private label agreement to provide technology, integration and operational services for BellSouth® Digital Phone Service. (1)


"With the introduction of BellSouth® Digital Phone Service, we are broadening our portfolio of consumer services," said Martin Chandler, Vice President - Product Management for BellSouth. "This new service is another example of our commitment to providing customers with the greatest choice when it comes to their communications and entertainment services."

BellSouth's agreement with 8x8 calls for the development of BellSouth® Digital Phone Service based on 8x8's internally developed technology. This includes a suite of VoIP service components including a call switching platform, feature servers, customer portals and consumer premise equipment.

"BellSouth's selection of 8x8 as its VoIP partner is a tremendous credit to the technology and service expertise which has made 8x8 one of the industry's leading VoIP service providers," said 8x8 Chairman & CEO Bryan Martin. "Our extensive residential, business and video technology portfolio was a key component to our winning BellSouth's business. We look forward to working closely with BellSouth to offer their customers an enhanced, robust Internet phone service alternative."

About BellSouth Corporation

BellSouth Corporation is a Fortune 100 communications company headquartered in Atlanta, Georgia. BellSouth has joint control and 40 percent ownership of Cingular Wireless, the nation's largest wireless voice and data provider with 52.3 million customers.

Backed by award-winning customer service, BellSouth offers the most comprehensive and innovative package of voice and data services available in the market. Through BellSouth Answers®, residential and small business customers can bundle their local and long distance service with dial-up and high-speed DSL Internet access, satellite television and Cingular® Wireless service. For businesses, BellSouth provides secure, reliable local and long distance voice and data networking solutions. BellSouth also offers print and online directory advertising through The Real Yellow Pages® from BellSouth® and YELLOWPAGES.COM(TM)

BellSouth believes that diversity and fostering an inclusive environment are critical in maintaining a competitive advantage in today's global marketplace. More information about BellSouth can be found at http://www.bellsouth.com.

About 8x8, Inc.

VoIP (voice over internet protocol) service provider 8x8, Inc. offers internet-based telephony solutions for individual residential and business users as well as small to medium sized business organizations. 8x8's wholesale voice and video services include a suite of VoIP platforms with a session initiation protocol switching infrastructure at its core together with voice, video, and wireless endpoint devices to form an end-to-end solution. Since its establishment in 1987, 8x8 has contributed to the advancement of voice and video communications on both technology and service provision levels. The company currently holds 60 United States patents with additional patents pending.

For additional company information, visit 8x8's web site at www.8x8.com.




--------------------------------------------------------------------------------
Source: BellSouth Corporation

Was just about to post it

I hope you got some Setravis, this thing is going crazy AH - right now is sitting at $2.40, up over 35% from its close.  Boy am I glad Ididn't hit the sell button now

I think Monday may be another ripper, but there is gonna be som serious profit taking soon - a lot a people have held shares at a loss on EGHT, and have been burned badly in the past.  Oh well, for now, let the good times roll

EGHT up over 3 (over 147% with after hrs!).  Monday is going to be major fireworks.