Somebody is gobbling up a lot of shares. With the company near a yearly low and earnings expectations lowered, I don't see much downside. Throw in Ichan and buyout rumors and the upside seems more likely. I could sell my shares today for a profit, but I think this kind of action will only jincrease. If the buyout speculation continues, Friday's trading should be interesting. Many deal happen over the weekend, so shorts may scramble to cover their positions. I like it!
argreed. I too thought about selling today, but even if this drops off a bit on a down day, I see it going much higher long term. Nuance is at the forefront of a large tech movement (voice recognition), and has already lowered guidance so, unless they REALLY #$%$ up earnings, they'll either meet or beat. Icahn is definitely a plus because he tends not to lose, especially on big bets like this one.