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8x8 Inc. Message Board

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  • DRtightwad DRtightwad Dec 8, 1998 10:36 AM Flag


    and I also have some great quality tech issues
    ala WCOM, and CSCO. I own some NTAP and consider both
    EGHT and NTAP to be long term holds.....kind of like
    CSCO, INTC or MSFT some 15 years ago.

    ps: I
    think GMGC will rebound when they announce a major
    carrier deal so I am holding.

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    • All of those have done well, however, I was
      trying to correlate some sort of activity per GMGC,
      which was at $1.25 and went to 6 in one day, dropped to
      4, then went through the roof to $15+ in subsequent
      weeks / months. While in September it dropped back down
      to the $5 range. The initial play was based on the
      news, but once they announced continued losses the
      market dropped on em. I agree though, that once they
      announce a major deal like the one with QWEST is worked
      out it will be back in play.

      The way I see it,
      with some more news, EGHT will play the same way.
      While day/momentum players really made out last week,
      this has potential to rise above $10 and stay there
      with another round of Press Releases stating cable
      companies took the bait and bought some prototypes.

13.37-0.38(-2.76%)4:00 PMEDT