I was scratching my head at the treatment of Acme Packet (APKT) last nite - down to the mid $50s on a beat on both top and bottom line. Anyone who took the plunge and bought in the mid $50s has a nice 15-18% gain in half a session.
The trouble with having the 'guts' to buy that strange action is you are looking around thinking 'what does everyone else know that I am don't.' In this case - apparently nothing. Just a massive head fake.
Friday, July 22, 2011
Congrats to Brave Buyers of Acme Packet (APKT) in After Hours
Best Of FMMF
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows