Volume Spike Investor

Telestone Technologies Corp. (NASDAQ: TSTC) soared last night and is still soaring this morning after earnings.  The company is a developer and provider of wireless communication local access network solutions based in China, said that its revenues increased 124.7% to $18.9 million and gross margins were 52.7%.  Shares were up over 20% on the news last night and saw a 22% gain to $12.30 on a whopping 371,139 shares after the closing bell.  At 8:21 AM EST this is up 29% at $13.04, but we have only seen 24,800 shares trade hands.  This is the top percentage gainer, but is not the top volume leader.  The 52-week trading range is $0.63 to $12.28 and the average daily trading volume is only about 220,000 shares.

JON OGG