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165% VOnage Stock Surge in one day (8/25/09), what's goin on
Vonage® VoIP Forum - Vonage News, Reviews And Discussion
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Vonage Stock
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dee
New Forum Member
Joined: Mar 16, 2005
Posts: 4
Location: North Springfield, VA
Posted:
Wed Aug 26, 2009 8:00 am
Post subject: 165% VOnage Stock Surge in one day (8/25/09), what's goin on
I wanted to buy
Vonage
couple days ago but darn Etrade made me wait 3 days for fund xfer. I guess its too late now.
But why the surge ? Short covering or some big institution buying ?
_________________
hehe
fanninja
Vonage Forum Senior
Joined: Jun 01, 2006
Posts: 75
Posted:
Wed Aug 26, 2009 2:28 pm
Post subject:
400% gain on no news announcement from VG and no recent earnings release reeks of insider trading to me. If they are being acquired, expect to see some people going to jail for the activity this week.
ksig
Vonage Forum Master
Joined: Jul 07, 2008
Posts: 172
Location: Illinois
Posted:
Wed Aug 26, 2009 3:35 pm
Post subject:
Not quite sure that's a fair statement. Check out
http://blogs.barrons.com/techtraderdaily/2009/08/25/
vonage
-rockets-to-165-one-day-gain-up-4x-in-6-days/?mod=yahoobarrons
The blogs think it has to do with the unlimited calling to the 60 different countries.
fanninja
Vonage Forum Senior
Joined: Jun 01, 2006
Posts: 75
Posted:
Mon Aug 31, 2009 9:35 am
Post subject:
Whatever the cause, there is rampant speculation going on. The average number of VG shares traded per day used to average well under 1M. On Friday, 81M shares changed hands.
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