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EGHT

Started by David Randolph, May 03, 2005, 07:27:41 AM

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AussieTrader

David, This site tracks earnings dates, simple case of entering the ticker to see. I try to keep it handy, but have been caught out before with earnings release.
http://www.fulldisclosure.com/highlight.asp?client=cb
Mike
AussieTrader
www.3stocksonfire.org

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David Randolph

... added to my favorites. I'll keep track of earnings dates.




Weightlifter

Still,it was a real nice pick,thks again :)

Stocky2000

Watch if EGHT breaks 2.21; Strong buy alert...if over 2.21 = Breakout at least to 2.50 in short term !!!!

Stocky2000

VOIP is getting hot; check out this news from cnn money:

NEW YORK (CNN/Money) – Internet phone technology, or VoIP to the tech savvy, may finally be ready for prime time.
More and more consumers are signing up for services that enable phone calls over the Web...usually at a much lower price than what big telecom companies offer over the traditional phone network.
But many investors have continued to shun companies that offer VoIP. Since early January, shares of VocalTec (Research) and 8X8 (Research) are each down nearly 45 percent, Net2Phone (Research) has fallen 50 percent and Trinsic (Research) has plunged more than 80 percent.
Fusion Telecommunications International (Research), which focuses on VoIP services outside the U.S., went public in February and has fallen about 33 percent from its offering price.
The only VoIP stock that has done reasonably well recently is deltathree (Research), up about 10 percent this year.
In the past, I've taken a couple of looks at this sector and I've been skeptical. Not because I don't believe in VoIP (which stands for voice over Internet protocol), but because of the risk.
The VoIP companies are small and compete against the established telecom giants and cable companies. And most lose money and will do so for a while.
Even so -- with shares down so far, some of the VoIP plays are beginning to look absurdly cheap.
VoIP stocks finally look reasonable
Take Net2Phone. The company's market value is about $125 million but the company has nearly $90 million in cash on its balance sheet and just $17.8 million in long-term debt.
Eric Buck, an analyst with Janco Partners, said the company has struggled in its attempts to team up with small and mid-sized cable companies to offer VoIP services. Because it is not going directly to the consumer, its success is dependent on its partners. But Buck thinks these risks are more than reflected in the price.
"The negativity is overdone and there is an opportunity for Net2Phone," Buck said.
8X8 has a market value of under $100 million even though the company has no debt and $32 million in cash and investments.
And deltathree, which has its own VoIP service that it markets directly to consumers and also partners with larger telecom companies to offer VoIP, has a market value of about $110 million, no debt and $17 million in cash and investments.
"The sector has a lot of value," said John Buckingham, manager of the Al Frank fund, which owns Net2Phone and deltathree. "I bought deltathree because it has a lot of cash and is getting closer to profitability. The business is viable. And Net2Phone's cash, net of its debt, is equal to about half the share price."
Executives from several public VoIP companies expressed optimism that investors will soon embrace the sector. Speaking at a lunch at SG Cowen's Technology conference in New York on Wednesday, Paul White, chief financial officer of deltathree, predicted that there will be more VoIP IPOs.
And Sarah Hofstetter, senior vice president with Net2Phone, conceded that the lack of one major well-known public VoIP company is a bit of an issue plaguing the sector.
But help could soon be on the way. It appears the market clearly is waiting to see how an IPO from Vonage, the leading independent pure play VoIP service company, could do.
Could Vonage lead a VoIP surge?
Privately held Vonage has been extremely aggressive in terms of marketing and advertising (Gotta love those TV commercials. Woohoo! Woohoo-hoo!) and has signed up more than 700,000 subscribers as a result.
More importantly to investors, Vonage has attracted a significant amount of financing from venture capitalists, including Bain Capital, 3i and New Enterprise Associates. The company raised $200 million in its most recent round of funding last month, raising hopes that an IPO filing could be imminent.
"A Vonage IPO would bring increased attention to the group," said Buck.
Investors still need to be cautious though since most of the VoIP companies are not expected to make money in the near future. That's why some networking companies which make equipment used by VoIP service providers may be a less risky way to play the VoIP trend.
Mark Mowrey, an analyst who works with Al Frank's Buckingham recommends Avaya (Research) while Buck thinks Sonus Networks (Research) is a decent value. Both companies are expected to be profitable this year.
But consumer adoption of VoIP should accelerate now that the Federal Communications Commission is mandating that Internet phone companies provide the same type of 911 emergency services as landline and wireless carriers do. And as VoIP becomes more acceptable, the service providers should be able to generate decent gains in revenues...and eventually profits.
So the time for the investor to try and cash in on this is when sentiment is weak, not when the stocks have already taken off.
For more about consumer tech gadgets, click here.
For a look at news about the IPO market, click here

Put eght on your watch list !!

Stocky2000

this news i posted were from june 2:

The right time for VoIP

Shares of Internet phone companies have been beaten down so much they now might be worth the risk.
June 2, 2005: 5:56 PM EDT
By Paul R. La Monica, CNN/Money senior writer




Stocky2000

8X8 (eght) has a market value of under $100 million even though the company has no debt and $32 million in cash and investments.

David Randolph

I was looking for unanswered posts and I found that ket1390 has been writing some posts about EGHT. The stock has been correcting over the last couple of weeks and it is now at decision point. It must rebound from the 50% Fibonacci retracement level and the $1.76 support level.

Perhaps a buy at these levels offers low risk ... the upside is for the uptrend to resume, the downside is a break of the $1.76 level. It's a pity volume is weak, that's why it didn't show up on my filters.

David Randolph

Quote from: Rocket8 on May 04, 2005, 01:37:07 AM
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.

I believe rocket88 doesn't hold EGHT anymore. I remember he sent me some e-mail or private message saying something bearish about the stock.

It's making a symmetrical triangle now ...

fous

EGHT looks to gettin ready for another move comin up! I have posted on it in the Stock Picks forum not knowing this was a past 3SOF play. Price action is currently forming a beautiful ascending triangle with a +50% profit target. Here is the Link to the new post and a current chart.

http://www.3stocksonfire.org/trading/index.php?topic=2744.0


-fousc



trade it like you mean it!

rocket8


KCScott

Big jump (43%) late Friday, and here's the reason:

QuoteAP
BellSouth Contracts 8x8 to Provide Service
Friday December 9, 5:53 pm ET 
BellSouth Contracts 8x8 to Provide Service; 8x8 Shares Soar 60.6 Percent in After-Hours Trading


ATLANTA (AP) -- Telecommunications company BellSouth Corp. said Friday it contracted Internet telephony provider 8x8 Inc. to provide technology and services for its digital phone service.
Shares of 8x8, of Santa Clara, Calif., soared $1.06, or 60.6 percent in after-hours activity.

ADVERTISEMENT


The company's shares closed the regular Nasdaq session up 52 cents, or 43 percent at $1.74.

The day's trading volume was more than 10 times the company's average. In the past 52 weeks, shares have traded between $1.03 and $4.47.

Financial terms of the deal were not disclosed.

The agreement calls for the development of BellSouth's digital phone service based on technology developed by 8x8, BellSouth said.

This includes voice-over-Internet Protocol service components, such as a call switching platform, feature servers, customer portals and consumer premise equipment, BellSouth said.

VoIP converts telephone audio into a digital format that can be transmitted over the Internet.

BellSouth's shares rose 19 cents to close at $27.61 on the New York Stock Exchange.

Up to 3.02 in AH so should have a nice gap up Monday.



Possible entry $2.50 (Gap filli) depending on the action at open

Those that think money can't buy happiness, don't know where to shop

setravis

Quote from: KCScott on December 10, 2005, 03:07:01 PM
Big jump (43%) late Friday, and here's the reason:

QuoteAP
BellSouth Contracts 8x8 to Provide Service
Friday December 9, 5:53 pm ET 
BellSouth Contracts 8x8 to Provide Service; 8x8 Shares Soar 60.6 Percent in After-Hours Trading


ATLANTA (AP) -- Telecommunications company BellSouth Corp. said Friday it contracted Internet telephony provider 8x8 Inc. to provide technology and services for its digital phone service.
Shares of 8x8, of Santa Clara, Calif., soared $1.06, or 60.6 percent in after-hours activity.

ADVERTISEMENT


The company's shares closed the regular Nasdaq session up 52 cents, or 43 percent at $1.74.

The day's trading volume was more than 10 times the company's average. In the past 52 weeks, shares have traded between $1.03 and $4.47.

Financial terms of the deal were not disclosed.

The agreement calls for the development of BellSouth's digital phone service based on technology developed by 8x8, BellSouth said.

This includes voice-over-Internet Protocol service components, such as a call switching platform, feature servers, customer portals and consumer premise equipment, BellSouth said.

VoIP converts telephone audio into a digital format that can be transmitted over the Internet.

BellSouth's shares rose 19 cents to close at $27.61 on the New York Stock Exchange.

Up to 3.02 in AH so should have a nice gap up Monday.



Possible entry $2.50 (Gap filli) depending on the action at open



And come Monday CTLM, should be moving.
This EGHT/BLS...BellSouth contract will  play into CTLM also.
CTLM provides the chips to EGHT.
CTLM should have moved on Friday also, But the market just has not connected the dots just yet.
I think this will happen over the weekend. Looking forward to Monday. AS CTLM is my pick in the up coming stock picking contest. Also take a look at BellSouth's Chart (BLS), they are breaking out from a long term Symmetrical Triangle (continuation) Pattern. Looks good for a play ,IMHO.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

David Randolph

... I'll buy it for the 3 SOF Fast Portfolio and will look to sell with a 20% profit.

Here's the fast reasoning: $2.05 is the 61.8% Fibonacci retracement level of the huge run the stock just had. People will sell there thinking it will go down to $1.98 to fill the gap, but I don't think it will before a bullish reaction.

I'll sell with a 20% profit, if I have the chance, because there's another gap, between $2.46 and $2.50 that can be filled today.

So the plan is simple: buy at $2.05 and sell at $2.46. If the stock doesn't reach $2.05 I'll leave it alone.

As always, 33.33% of the Fast Portfolio, or about $5,000.

shawFund

Bought it this morning at $2.22.

Shoud have a rebound.