8x8 Trading On Unreleased News

EGHT 1.7427 up .52 42.84%. After the close they announced a reseller agreement to Bell South. Someone traded on this news before it was released. This insider trading was blatant.

20051210 Tom PM

Oil went higher and closed off the high. Will go lower.
Metals extended and will retrace.
Gold within one dollar of 1:1.618 up. Will retrace.

MTXX 18.31 down 1.49. Volume heavy coming down. Not a buy. Problem child.
ITE 68.75 down 5.78. Down with big volume 3.4M. Made high today, 79.44, and coming off high with monster volume. Leads to vicious retracement. Can go down to 50 or 31 after a while. Watch how it sells off going into 56. If it comes all the way back up with lighter volume, then consider a short.
VLO 105.46 down 1.10. Rolling over. Doing a stock split. They are trying to hold it up.
GLG 24.57 down .81. Hit high today. Volume off the top. Will go down to 22.62.
FDG 38.79 up .39. Gapped down yesterday. Going back into gap. Will retest 35.

GLD Higher with with volume. Can retrace four dollars. Volume was high at the top here after a run up.
FWLT 36.34 up .01. Nice chart. Signs of strength. Price expansion with small angle so it can sustain. Close over 37 with volume and it can really escalate. Base building since 2003. Can go to 50 in a couple years.
GLW 21.16 up .04. Has been going up on lighter volume.
MLM 74. Higher volume on way down.
NMGC 8.68 up 4.88. Huge volume.
BOOM 28.76 up .02. Not a short. 65% short. Wants to go higher.
TIE 68.75 down 5.78. Hit high then off the top with volume. Can go down to 48.

20051207 Tom AM

Gold becoming asset class that people want to own. Funds like GLD are also taking some gold out of trading to back their fund.
GOOG Down to 400 with some volume. Can lead market down.
INTC 26.39 down .27. Put it on your list and watch it.
NEM 50.38 up 1.63.

20051206 Tom PM

Markets up then gave it up with lighter volume. Broad market wants to pull back.
NEM 48.75 up 1.91. Break out.
GLG AEM Same thing.
VLO 104.26 down .23. Volume lighter.
GOOG 404.54 down 1.51 on nearly double average daily volume. Has quality volume on the way down. Look at October 21. Wants to go to 346. November 29 showed a seller. Tomorrow should run in to 395. May get down to 378 and bounce.

CMTL Problem child.

20051206 Me

Market was up and is giving back some gains. Volume is going to be light.
Tomorrow can see more volatility being weire wally wednesday.
Am mostly flat, waiting for a possible market sell off.
GOOG looking weak so went short at 403.
Also short TASRE and VLO.
DOVR Recent IPO. Came back to IPO price and may break down.

20051206 Tom AM

Gold hit 514, the high from 1983. Expect a pull back. Above 514 with conviction looks for 774. Equities do not yet have enough buyers.
RCL 47. Not a buy.
SPNC 11.64. Good looking chart. Wait for pull back.
HGSI 9.37. Got smoked in October. Bottom fishing. Gaps above do not need to be filled. Everyone from March 2003 is in a losing position.
OGMBX 21.83. Metals mutual fund.
VLO 104.74 up .25. Tom went short this morning. CEO has done some selling.
APPX 37.12 up .44. Has had volume off the top. Up channel still in tact. This is chart is not clear, so stay away from it.
KBH 71.41 up .34. Can pull back. Fundamentally doing partnership with another company to build New Orleans.

20051202 PFG

LNG 1 to 39 in 2.5 years.
X 48.11. Can pull back to 45 or 46. Long term up.
IIJI High flyer down 18.35% on three times volume.
Gave back the upside run and more.
BFB Wine and distillery segment. All time high.
WFMI Strong fundamentals of many customers.
SBUX Strong fundamentals of many customers.