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8x8 Inc (EGHT)

Entry point:  $5.34 (01/14/04), 4.91 (01/22/04)

Winning setup:  Confirmed multi-leg fiasco, reversal, downtrend resumption plus support violation.

Price on 5/28/04:  $2.65 (50.37%)

Comments:  Member of the telecom bubble, an overpriced, negative-earnings, stock.

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