Soundings represent atmospheric conditions at the time they were taken and usually refer to 'what may happen' within a given time period. The soundings are taken at 11:30am and 11:30pm - some areas don't release a balloon to get up-to-date measurements, yet some offices do send up regular sounding balloons to update the charts and of course conditions can either favour or deteriorate within these times marginally. Perhaps the conditions changed when you've spotted a cell even though the conditions may not be 'right' for storms on the sounding you looked at, you have to remember that the soundings are just one tool used in forcasting any instability. Their accuracy is dependant on a timeframe when it was taken and the atmosphere does change as the day goes on.
A good example was last Friday in Darwin (which i've harped on about!). The sounding only showed small CAPE, LIs, SWEAT and CIN and the like but by 2pm you would never have believed it - massive storm - so the atmospheric conditions deteriorated significantly!
I'm currently in the process of getting some info/facts from the Severe Weather Section at the Met office here to help explain what the conditions were and why/when this happened. Storms like low level moist conditions, dry in the mid levels and then moist again in the upper levels - although that's not set in concrete i must add!
Hope this helps Scottme!
Mike