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Technology Stocks : SONS
SONS 7.830+2.8%Nov 28 4:00 PM EST
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From: carranza23/27/2007 9:44:02 AM
   of 1575
 
I'm willing to bet that the huge runup yesterday on big volume was caused by mutual funds buying before the end of the quarter in order to show a high flyer on their books. The coincidence that CTIA is happening at the same time may have propelled some extra momentum based on rumor and anticipation.

Not complaining, but would not be a bit surprised if a part of yesterday's gains disappear. Not a problem for the LTBH investor since SONS needs to consolidate its position in the 8 range before the next run up.
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