What is the origin of the large-amplitude variability in Wolf-Rayet WN8 stars in general and WR123 in particular? A dedicated spectroscopic campaign targets the ten-hour period previously found in the high-precision photometric data obtained by the MOST satellite. In June-August 2003 we obtained a series of high signal-to-noise, mid-resolution spectra from several sites in the {lambda}{lambda}4000-6940{AA} domain. We also followed the star with occasional broadband (Johnson V) photometry. The acquired spectroscopy allowed a detailed study of spectral variability on timescales from ~5 minutes to months.