Finjan Holdings Inc (FNJN)

[lbcb123]

Conference call wasn't horrid, but it was disappointing. Believers will hear what they want and think it was okay. Skeptics will hear enough to remain skeptical. I think the short-term traders will sell as I don't see any major catalysts for at least 6 months. Look for it to bounce off a buck and close around $1.10. Still optimistic for the longer term, but this is going to take a bit longer than I thought to reach fair value. Right or wrong, they are going to be perceived as a patent troll with unreliable one-off income until Finjan Mobile and CybeRisk can stand on their own and be accretive to earnings.

Will be interesting to see what the volume is today.