Standout Stocks

My Stock of the Day is Redback Networks (RBAK).

Actually, this was my SotD on Dec. 8th, when the stock was trading below $18. Last night, Ericcson (ERIC) said it would buy RBAK for $25, a nice premium.

The stock gapped higher today, and is now more than 40% above the levels it was trading at when I highlighted it a few weeks ago.

I have taking profits and moved on to the next trade. Merry X-mas to me.

Other stocks making notable, high-volume moves today include:

• GMKT


• KMX


• NHWK


• LFC


• GLYT


• IAAC


• LNN


• PCLN


• TRMP


• GBX


• ISLE


• FOXH


• GMXR


• PKE


• CTAS


• BCR


• ACLI


• BKE

took profits on GMKT, RBAK