Replies to post #21188 on lowtrade

[pennytradingnet]

Thanks for the video and I need your advice on 'LFBG'

[pennytradingnet]

Many thanks for your help.I need to learn lot more from you.

[phrantic]

Strong Watch For Monday: EGHT - Ascending Triangle (4 months duration)

Very strong resistance at $2.90, I'd wait for entry at $2.92 on expanded volume. Green horizonatal lines depict resistance. Target is $3.68; StochRSI says "be in"; ADX crossed above -DI confirming entry; ADX coming from below 15 signals strong move may be coming; +DI showing strength in positive SP movement by its angle; 10MA crossed above 20MA on Friday confirming entry and showing strength in its angle; volume expanded 100% Friday which supports indicators/overlays, however was below its 3 mo. average; CMF demonstrates sharp decrease in selling pressure as seen by its sharp angle. The technology sector took a beating Friday, yet EGHT advanced, closing .01 below HOD. Thursday and Friday show a change in 5MA angle which may suggest sideways movement coming. SP has been channeling between $2.50 - $2.80 since early January.

Key: Expanded volume will be central for entry above very strong resistance line of $2.90.

Notes: A 2 yr weekly look reveals stock has been under quiet, increased accumulation from 8/09 to 8/10, and heavy accumulation since 8/10.

Outstanding Shares: 62.44M
Float: 60.30M
Short: 4.71% of float

Company maintains approximately 20M cash and has no debt.
Recent News: http://finance.yahoo.com/news/8x8-to-Offer-Partners-New-SMB-pz-3777197030.html?x=0&.v=1
http://finviz.com/quote.ashx?t=eght

[kolchakil0]

Just an extraordinary post and video. Looking to make good profits on the pond fishing play this year.

I guess with the sport of fishing much patience is needed to usually land the big fish, same as the pond play - bigger profits by getting in at the lows.