Volume Spike Investor

Vonage Holdings (NYSE: VG) is trading up sharply again this morning on data which should have either been known or at least anticipated.  Apple (NASDAQ: AAPL) approved its iPhone App.  In a research note, Auriga said that it does not believe that AT&T Inc. (NYSE: T) will be a suitor of the company as some reports have suggested.  Regardless, Vonage shares are up over 40% at $2.03 after a $1.46 close on Tuesday.  At 8:10 AM EST we have also seen 1.1 million shares trade hands, so that 4.6 million share average daily volume is likely to be taken out very early this morning.  The high put in last week was $2.63, but the highest closing bell price was $2.17.  Other than that $1.99 was the highest close….. Be advised, this was under $0.50 just on August 21.