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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (59820)	11/26/2003 5:25:24 PM
From: Dealer	Respond to of 65232

EGHT: I do not ever really push a stock here but I do have one that makes sense to me. It just about doubled in price today.....so you might think it is too high at this time, that is what I thought when I bought it today for 5.83....at 2:30 this afternoon.....closed at 6.80 and is up .13 AH (5:24 eastern. ???) This is due for a pull back but ???? You guys might like to take a look at this one. Please do your own DD. The concept seems right to me: 8x8.com This is from Tobin Smith???? Not the greatest forcaster since slice bread but.......... Technically, Smith notes, the stock broke out in early November and has since settled back down on low volume and found support on its 20-day moving average. It now looks as if EGHT is making another run: The stock rose nearly 10% Nov. 18. Smith thinks that EGHT could be trading as high as $10-$12 in six months. Smith is buying EGHT for a number of reasons. "First, it has a better product than Vonage," he says. "Second, it just sold off its microelectronics business--it's now a voice broadband pure play. And the pricing is the killer app here: It's a flat fee, $19.95 a month for unlimited phone calls in the U.S. and Canada and $29.95 per month if you include Europe and Asia."