Acme Packet shares hit lifetime high on outlook, results

[igriot]

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>.

 

[noddyboy]

Quote from igriot:

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>.

Awesome!!!

 

[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.