TIBCO Software Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of TIBCO Software (Nasdaq: TIBX  ) jumped 10% in intraday trading today on unusually high volume.

So what: With an hour left in trading, 6.5 million shares had exchanged hands compared with an average three-month volume of 2.5 million. The news of the day was an announcement that CIBER had chosen TIBCO's tibbr as its social computing software.

Now what: The market was up big today, so that likely helped push shares higher in addition to the CIBER announcement. Getting a customer for tibbr is a positive incremental step, but I would like to see some financial results before getting too excited. I'll wait for a pullback in shares to jump on this stock.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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Read/Post Comments (2) | Recommend This Article (4)

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  • Report this Comment On February 01, 2011, at 5:46 PM, turkeybird wrote:

    I think the amount of volume could mean something else. TIBX has a niche. Just maybe it hasn't been noticed until recently and it is undervalued. The trtend has been positive for quite some time!

  • Report this Comment On February 02, 2011, at 8:46 AM, tyzack100 wrote:

    I bought at 9.50, 10.50, 11.50, 12.50 and 16.50 ...... Glad I didn't wait for a pullback.

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