Acme Packet shares hit lifetime high on outlook, results

Discussion in 'Stocks' started by igriot, Feb 2, 2011.

  1. igriot

    igriot

    [​IMG]

    Shares of Acme Packet jumped 17 percent to a lifetime high on Wednesday, a day after the telecom equipment maker posted better-than-expected quarterly results and raised its 2011 outlook above Wall Street expectations. <a href="http://www.reuters.com/article/2011/02/02/us-acmepacket-idUSTRE7115W820110202">Related article</a> and <a href="http://dock-of-bay.blogspot.com/2010/09/google-buoyed-by-growth-of-voip.html">Analysis</a>.
     
  2. Awesome!!!
     
  3. AK100

    AK100

    Went short at 65.21 basis some technicals.

    Big stop, small position so in turn smallish risk.

    Interesting to see how it performs over the next few days, if it holds these sorts of levels or gains I'll be out.