The marketplace is nuts. Half the talking heads say we are heading into a second recession, the other half call this a market correction. IMO, they are all full of crap. Long term, I believe in fundamentals. 8 has a technology and service that is needed, growing and succeeding. This tells me there is room for growth, market expansion and new market creation. Their lack of debt is good as is increased sales. The market does not and should not dictate business needs. 8 can't control the stock market, only its focus on meeting its objectives. Based on this belief, and my conservative nature, I just bought more to leverage down my overall PPS. I am looking at a 2-3 year horizon here.
All the smart people will be picking up stocks at bargain basement prices. I have been away for a few days but EGHT seems to holding pretty good. I think there are a lot of people in the long camp, we just can't escape the day to day traders. The more volatility in the price the makes it possible for traders to make money.