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8x8 Inc. Message Board

  • stockmarketstar stockmarketstar Jan 29, 2013 12:21 PM Flag

    Panic is slowing.

    Looks like common sense is starting to sink in. I expected a bit of bounce or even yesterday, but fast up usually means fast down, Speculation and such, you name it. Starting to level off. I think we end up about even today.

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    • So if you are in investor and sold trying to keep your profits and you really think this is a good company. When do you buy back in? Some people may be buying back today or tomorrow. Do you wait for lower lows or get back in with a few more shares before its level off or goes up a bit.

    • what happened the other day to make eght go down almost a buck?

      • 1 Reply to mojonoto2
      • SOmeone implemented a panic selloff and they did a damn good job doing it. They really shook the bush on this one. This is how it's done. EGHT reported earnings that were inline with estimate. The MMs sees this and start to short and front run the stock down. Front running in this case is that they let the sell orders go thru and momentarily hold up the buy orders. Shorting and this type of front running will artificially cause the price to drop. There were a lot of longs that were up 100% to 200% and then some. They don't want to lose what profits they have so on seeing the drop in the PPS, they sell as well thus causing the PPS to drrop evem more. The more it drops the more retail investors tend to sell. Thus my friend what you just witnessed the last couple days was one very well orchestrated panic sell off. Me? I held, although I wish I would have pulled the 1K shares in my daughters coverdell and another 1K that I have in a trading account. But unfortunately I didn't see this coming. Oh well, I missed an opportunity to increase my position... Good luck to all EGHT investors... Jim...

 
EGHT
7.95+0.02(+0.25%)Jan 27 4:00 PMEST

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