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Great to see! If they keep adding revenue it should keep orenoing.
Gamco and Monterey now we need to close at or above $91. In the meantime cigars for all. At $100 oreeno we shall all have a virtual shot of Louis XIII (13).
My3sons87 - Another "oreeno", take your cigar! Another consecutive 52 week high.
Monterey we got close but no cigar. Soon though.
M3S…It looks like 5 o’clock Charlie is the only one ringing the $91 oreeno bell today but $91 is still only a heartbeat away before close.
I am ringing the $91 oreeno bell, which I hope happens today.
Here's Why Momentum in InterDigital (IDCC) Should Keep going
Here's Why Momentum in InterDigital (IDCC) Should Keep going
Zacks Equity Research
Wed, June 14, 2023 at 7:50 AM CDT
In this article:
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and InterDigital (IDCC) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. IDCC is quite a good fit in this regard, gaining 23.2% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 8.7% over the past four weeks ensures that the trend is still in place for the stock of this wireless research and development company.
Moreover, IDCC is currently trading at 99% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in IDCC may not reverse anytime soon.
In addition to IDCC, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
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InterDigital, Inc. (IDCC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Funny,,,92.95 in AH. TC’s 5-o’clock chaz again.
At the close, 140k+ shares traded. EOM
As I type this post, the price of IDCC is $90.90 and there are 1005 contracts of in the money calls for this Friday's (June 16th) option expiration date. Next week could be exciting!
A watched pot never boils. LOL
Anyone remember what happened to 'REVLIS' aks Silver? he used to have his own IDCC type board at one time.
Paulee - Ranger was the 'Oreeno' man. Mickey was more on a '$200 price range' buy.
Ask price is 90.28 at 46,000 shares.
Oreeno 90 again…done
WE CRACKED THE $90 Oreeno barrier, even though only briefly!
Lets make another run at it later in the day.
Someone(s) knows something!
Tomcat
And here comes 5 o'clock charlie yet again....after 6 years off....the dudes working overtime!!!
No news ..nothings happening...must be something going on someplace else!!
“I have generally been a large buyer of IDCC calls in the past.”
I’m not smart enough to figure out how to make consistent money by buying options. Selling them seems to make more sense to me.
jealmc79, My $135. has to do with my calculations. It could go higher due to a short squeeze. I also believe that IDCC will continue to spend the rest of the money in their buyback. That should put the share count below 24.5M. That could be why the insiders have not been selling this year. I am happy with the option market in IDCC. I have generally been a large buyer of IDCC calls in the past. I still have some calls for Friday and next month but nothing after that as they are getting too expensive. When the 2024 notes come due it is almost a non event as the are hedged to $125.
Thanks. I assumed they just used the estimate figured from their last years tax return and wouldn’t have to pay taxes until next April 15. Either way it looks like they are not expecting the stock price to go down. I guess it helps when you have control of any company buybacks to know that. How did you come up with $135? Just a guess or back of napkin math? Even at $135 that’s only a 50% return from here. Good if it happens soon, but I know of better prospects, with even better options plays. Also, what happens when the 2024 notes come due?
Oreeno complete! EOM
To clarify , they have to make their estimates in the quarter they get their shares. In this case on June 15.
Jealmc79, They have to make quarterly estimates. I too have been selling puts for the last 30 years, but I have not sold the calls as I believe that the stock will go to $135 or more one day.
surely you jest. When was the last time you knew an employer who determined your raise because you have to pay tax on it. These dolts are overpaid for the underperformance that they watch over. This stock is lower now than it was in 2016, and that's not even counting inflation. How much have then been paid over those 8 years, not counting their taxes.
“The "gift shares" will cost them about $70K federal tax and $0 to $20K state tax depending where they live. This is why they usually sell half or more to pay their taxes.”
So, since I haven’t been able to find an answer yet from googling, do they immediately have to write a check for that tax or can they wait till April 15 of next year? I guess if they have some inside information, like a buyout coming soon or another auction buyback it would make sense that they would take all the shares and profit from that info.
“As to you selling covered calls against your stock there is only one person to blame or be happy with....””
Gee, thanks for the condescension. Been selling covered calls and selling puts on this stock for years. Made more money doing that than what little I missed on this run. Most years it was the only way to make a return on this investment. You win some, you lose some. Don’t know that how I feel about it is anybody else’s business. I know there are a lot of long timers here yet and I’m happy they are seeing this finally starting to pay off for them.
jealmc79, The "gift shares" are taxable as ordinary income. Most people on the board are in maximum bracket, The "gift shares" will cost them about $70K federal tax and $0 to $20K state tax depending where they live. This is why they usually sell half or more to pay their taxes. Also the "gift shares" are valued at the current stock price when they are "gifted". As to you selling covered calls against your stock there is only one person to blame or be happy with....
Took the words right out of my mouth. Then they won't even answers questions at an annual meeting. They limit you to two, and won't allow any follow-ups to the piss poor answers that they give. it should be a private company
The shares were given to them. Am I the only one that believes the directors are way overpaid and there’s way too many of them? 9 directors, given $185,000+ of free shares. What do they do to deserve that kind of compensation? Been in this stock 26 years and never understood this. Sorry for bumming’ on everybody’s parade here. Good luck to the longs here. I’m about to be called out of the last of my last shares here and don’t know if it makes sense to get back in. At least they were generous enough to give us lowly shareholders our token $.35 dividend. smh
Something has to pop, 3M in short interest and Form 4 with acquisitions instead of sales. JMWT
Yes and Mikey and LaRanger would have agreed.
valuation, if IDCC can earn 5-6ps over next 3-4 yrs with a 40% growth rate by adding new licensing extentions in AI and IoT---20x is conservative so 100/S is pretty forseeable --and they reduce share count by 10% that ads to acretion of earnings---
oh boy....i guess that block of shares was taken out emphatically!!
LOL, our CEO's answers are short and to the point. My old man was like that. He would answer no before I could get my questions out. I used to think he was a bit whacky but, in the end, I have to admit he was right.
MO
loop
Board of Directors has declared a regular quarterly cash dividend of $0.35 per share on its common stock, payable on July 26, 2023, to shareholders of record at the close of business on July 12, 2023.
I want to thank whoever contributed the shares
50 minutes until close someone has a 46,500 sell on the 87.30. We will see if it can push through...
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