Friday, June 02, 2006 12:01:52 PM
CC..sorry I didn't answer you sooner. I've been away. In my opinion, VONAGE is the culprit behind VOIP being so out of favor. It was one of the worst IPO debuts in the last 10 years. Maybe it was the underwriters fault, I don't know, but it has been dragging down the whole sector. EGHT is trading near 52 week lows and may flatline for a bit and you could get your capitulation. Maybe that would be the mark of the VOIP sector coming back into favor, after a big selloff. Only time will tell.
I know that's not much help, but it's just an opinion.
PP :)
I know that's not much help, but it's just an opinion.
PP :)
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