Tuesday, November 21, 2006

Eight by Eight (EGHT) - one more example of a historical trade

Here is another stock that I actually spent money on. The signal was given by the TradeRadar system around 8/18/2006 at less than a buck. The stock is currently closing in on $2 a share as we approach Thanksgiving. It has nearly doubled in three months. I have been testing the refurbished TradeRadar system on some volatile, inexpensive small caps and this one is working out pretty well. Note that the stock itself has a certain fundamental interest. It is involved in providing low cost VOIP services to small and medium size businesses. VOIP is a trend that is accelerating. My own opinion is that charts are great but the underlying stock should still have a good story and solid business potential. The company's products are now being handled by a major office products chain and the stock is beginning to move to the upside.



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