EGHT

[David Randolph]

8X8, Inc.(EGHT). The Group's principal activity is to design, develop and market telecommunication technology for internet protocol, telephony and video applications.

EGHT is a risky play, but it matches exactly the kind of chart pattern I'm looking for today. I've searched for stocks that recently broke to new lows (preferably all time lows), breaking several supports, and then clawed back up, surprising investors:



This is a pattern that, when accompanied by volume, has a good probability of developing powerful advances in the short term:



EGHT rose 24% yesterday. I'll buy it today at the open, expecting it will continue to advance. I will keep monitoring the stock to know when to sell.

During the session I will disclose a bit more of our strategy, that will change a little bit, because like we buy 3 shares every day, we have to sell them faster not to be holding a big bag of different stocks. We don't want to hold more than 15 stocks at the same time, and with the 3 purchases of today we'll have 12 stocks on our portfolio. So we must take a shorter term view to stock trading and monitor our holdings more frequently.

Everyday our team scans the entire US market (more than 7000 stocks) to come up with the 3 best stocks to buy for the short term. If you want to receive our free newsletter, please take 10 seconds to register on this message board.

David Randolph
www.3stocksonfire.org

[billyboy]

I would certainly agree with the above statement as a fast money maker.  With the recent PR EGHT may climb to well over $2.00.  In my opinion this should have been posted the day of the PR but you know what they say, better late......    Besure to watch EGHT daily as any loss of momentum may result in a complete halt of any type of substantial gain.   

[Ramsburg]

I would certainly agree with the above statement as a fast money maker.  With the recent PR EGHT may climb to well over $2.00.  In my opinion this should have been posted the day of the PR but you know what they say, better late......    Besure to watch EGHT daily as any loss of momentum may result in a complete halt of any type of substantial gain.   

Exactly... any loss of momentum could mean a correction... but i agree with you, the $2.00 level should not be difficult to reach on short term.

Best regards

[rocket8]

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.

[David Randolph]

8X8, Inc.(EGHT). The Group's principal activity is to design, develop and market telecommunication technology for internet protocol, telephony and video applications.

EGHT long term chart looks like this:



I love that support break and then the powerful comeback.

In the short term we have this:



I'm going to buy EGHT, higher than I sold, but I don't care about that. You have to let go of the past in this business. One close above $1.82 would confirm the bullishness of the stock.

I believe that now, after this second short term leg up from EGHT, the stock is less risky. It made a move, pullback and hold the initial move ... less risk, the same potential.

Everyday our team scans the entire US market to come up with the best 3 stocks to buy on a short term basis. If you wish to keep track of our moves and join our stock analysis community, please subscribe to our free newsletter (it takes only 10 seconds)

[David Randolph]

EGHT

[puenthouse]

ugh could not get until 1.9, still be OK?
who do you go thru?

[David Randolph]

... closing above $1.82 gives an extremely powerful bullish signal for EGHT. Let's just see if the stock holds through the close, I believe so, volume is huge right now.

If the stock is higher it's because demand is stronger than supply. You want to buy these kind of stocks.

Good luck !

[Weightlifter]

Average volume is 909 k,,today we are looking at 2.13 million.and we are staying strong at $1.96 nice

[Weightlifter]

Holding at $2.04.im gonna sit tight,still nice volume,and a couple of other indicators still look good

[AussieTrader]

Have played EGHT between $1.5 and $2 ish a couple times. Lovely bounce on Friday off the 9ema and touched the recent high of $2.09 Any decent volume follow through will move the stock to the 200ema target of $2.44. I know you guys are still holding from $1.70 area, I will look to buy if $2.09 breaks with vol.

[Weightlifter]

We cleared the "Lucas Harmonic" at .854.price was $1.96 on nice volume .The next harmonic is 1.18-$2.31..so I will run with you till that point.If it cant make it past that in next 2 days i take profit,,which is always a good thing

[madge20]

David,
Do you have a mental price stop on EGHT?

[David Randolph]

It looks like the stock is down a lot in the pre-market. Probably earnings were released before the bell, I don't care. I'm selling today at the open, I don't want to let a profit turn into a loss.

IMHO

[David Randolph]

... $2.01. It was a pity to let a 40% profit turn into a 18% profit. I should have studied more about EGHT, I didn't knew results were coming out today. With a report like that coming out the stock couldn't be down yesterday, that was really a bad sign.

But life goes on, letting the profits run sometimes can cost us money, but it surely is a strategy that gives money over the long run.