8 x 8 INC (EGHT)

[Good Timer]

Hello, if anybody's here.

I just had EGHT brought to my attention, by, of all things, a YouTube video. I researched it and these are a few of the interesting things I found:

1. A steady uptrend in share price from late Oct to today, with a move from $15.95 to $20 today; an increase of about 20% in a little over 2 months.

2. 106.3 million shares outstanding with 91% held by institutions.

3. 18.7% short interest.

Normally, I would balk at purchasing a stock that is 91% held by institutions because I would figure there wouldn't be additional upward pressure by institutions due to they already own almost all the shares. The 18.7% short interest, though, makes me salivate at the possibility of short holders needing to cover their 19.9 million share position by purchasing from the non-institutional pool of 9.6 millions shares, if something should happen to cause a rapid spike in price.

That being said, I am announcing my new position of 9 options of EGHT $17.50 Jan/2020 calls in this stock.

Good luck to all longs!