Volume Spike Investor

Sprint Nextel Corp. (NYSE: S) is seeing  massive surge on weekend reports that Deutsche Telekom (DT) is considering a multi-billion buyout for Sprint.  Sprint has been a rumored name on and off, so treatt this as a rumor until or unless you hear a formal report on it.  At 8:18 AM EST we have a 23% gain to $4.66 and we have already seen over 9 million shares.  The average volume is about 40 million shares and that should be hit very early this morning. The stock is now challenging levels seen in June and May, and there is likely some very strong resistance if this traded as if it was normal news on the chart here as you get to the $5.00 and then the $5.25 mark.  -JON OGG