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I agree with your thesis for the most part. My only concern revolves around the performance of this stock after positive catalyst which have been sub par at best in the last 9 months. This stock has trouble holding gains and I just don't see any reason to believe that this time will be any different. If the Judge rules favorably there will be lots of trapped longs who will want out and I firmly believe that one will be able to jump back in at a lower price after the dust settles. I am here to make money, not make love to Vringo.
There is no guarantee that any of those things will happen and how do you know they will keep the stock price up? There will still be lots of uncertainty near term plus the prospects and almost certainty of a Google appeal. This is why I will take profits, if any, first and wait for a pullback to get back in.
d44, I think that it will possibly test and over shoot the $5.73 high if we get a good short squeeze along with a favorable ruling from JJ. I plan on selling my entire position because I know within days that the price will be driven lower. I have personally experienced this with multiple stocks and the outcome is always the same, profit taking and shorting within days. Arna was a perfect example. Same thing happened with CLNT just a few days ago. Eventually will happen with FNMA, it's been on a year lately but all good things must come to an end so just play the game.
You guys are all high! As soon as it pops, if it pops on a favorable ruling, sell it and get back in when the shorts drive it back down again. You know that will happen. So forget about whatever % upside down you are in this stock and sell on any significant move up. Why would you want to squander profits waiting for more supposed profits in the future when you can take profit now? Doesn't make sense. Don't fall in love or marry any stock, not worth it. Take the money and run. If you don't, you will be disappointed!
Don't know but Scottrade only allows you to place limit orders on OTC stocks, no market orders . So where ever you set your limit that is what you get.
You people are clueless! For the millionth time! There are no afterhours trading or pre market trading on OTC BB stocks never ever ever!
$2.90
I figured it out, and it looks very interesting. Thanks for indirectly sharing.
Blue, you are the best man! You really provide a lot of good info.
I would think so. Good question?
This comment has been spread all over MB's for the last two days. I am sure most are aware of it by now.
I have been long for awhile but I just don't see this stock breaking $6 even with short squeeze on. Just too many trapped longs wanting out and don't forget the big investors and owners who have the green light to sell above $4.25. I hope this thing really fly but have my doubts.
This post should stay up because you are 100% correct.
I think most are surprised at this, me specially, I thought for sure that we might be significantly lower but as you say, much stronger hands holding this now. I am certain that we will be north of $3 before the closing bell on Monday.
Did anyone notice the footnote at the bottom of page 24?
It basically says that the patents have less than three years before they expire and even if they were proven to be valid during the Re-Examination period by the USPTO, the Appeals process would out live the patents expiration date. So I guess like I had been saying all along, that if the judge rules in favor of the Running Royalties then I guess the USPTO doesn't matter after all.
Stock twits?
Tom you are funny! Guess what? I live in WA state too so maybe just maybe lick really is on your, our side and Vringo will finally get paid and we all make money.
You have to remember that Google is very crafty and there are a lot of naive investors out there who will freak out if Googles pulls some BS rabbit out of the hat response to 822 Motion. You know they will come up with something clever and the shorts will use it to try and flush out the weak hands. I am not saying that it will happen, but based on all of the lessons that we should have learned by now, be prepared for anything and use it to your advantage when possible.
Yes I most certainly expect Thursday and Friday to be days that we would expect to see covering by the shorts. If not much covering occurs, and we get an out of the blue extraordinarily favorable ruling then look out because it will cause an incredible spike in the PPS! Lets hope that it happens, these shorts deserve to get burned!
You are right about that, I couldn't remember the specific event. I was thinking that it was the disappointment to the jury math screw up verdict that caused PPS to plunge. Now that you mentioned the Laches event, I believe that was what caused the plunge. Either way, I still think its possible for something dumb like that to happen again so people should be prepared to take advantage and not overreact if it does.
Guys I hope it don't go that low either but remember last November right after the verdict if I remember correctly, the shorts pushed it down swiftly to $1.75 and it recovered fast. Could happen again and if so I will put in a buy at around $1.90-2.00 just in case.
I am going to go out on a limb and say that I bet this stock re-tests that $1.75 low shortly after Googles response come Monday. There so much manipulation with this stock that I bet it happens.
Lol, Postyle you are one of the few realists I've seen on this board and I happen to agree with you.
I have no idea what you guys are even talking about? Do you know what you are even saying here? Makes no sense.
Due to the performance or lack there of of this stock over the last six months people will look for negativity even when it's not there to justify stock price. This BOD change is also a non issue IMO. BOD changes happen all the time specially with a young and emerging company. The only thing we need to focus on right now is the Judge ruling on the RR. Nothing else matters at this point.
Yep Hoggy, that's right. None of this PTO stuff matters at all.
Our fore-fathers wanted a solid checks-and-balance system and, within our jurisprudence, Civil lawsuits have a remedy built-in meaning that the Court of Appeals exists for the sole purpose of reviewing District suits. It was their desire to avoid having more than one (1) reviewing body.
In this case and for our discussions, the PTO is being prevented from becoming a second reviewer. Invalidating a patent is one thing, releasing an entity from liability (by the PTO) as a result of a jury decision is another story, altogether. The PTO can invalidate patents but they CANNOT release a party from liability when a jury has made its decision.
If Google really wanted to win this case they should have had the patents invalidated PRIOR TO any trial. Since the court got to it first, it's their decision. Google will have to live it.
Google has already lost this case big-time which is why they support the lobby in DC pushing for (what they refer to) as 'reform'.
While this news will have no immediate impact in the near term, it is not "old news". The USTPO did issue a "Final" rejection on the 420 patent which of course will be appealed by Vringo.
My thoughts exactly!
Tom, Vringo needs to add you to their Board of Directors when this case is finalized. You have been their biggest advocate from the beginning and you should be nominated.
Thanks Realizer that was a great read! Clears a lot of things up. I had read a few things regarding case law that seemed to contradict each other.
By the way, for all of the negative Nancy's out there who bash the Vringo management all of the time for not disclosing information or keeping secrets. Vringo are the ones who released the PR today regarding the USTPO patent proceeding not some third party news media outlet. If the news was so detrimental to the case or cases at hand, would they be so eager to release it days before a ruling on the RR? Eventually it would have leaked out, but they put it out there immediately and did it try to hide it. Just something to think about.
Read this essay and pay attention to page 1107 second paragraph. Particularly the last sentence in this paragraph. This thing could go either way, because the Baxter case seems to support a court ruling inspite of any USTPO patent Invalidation. So does anyone know if or if not a USTPO finding of "final patent invalidity" trumps a court ruling of patent infringement as ruled by a jury?
http://www.gwlr.org/wp-content/uploads/2012/08/77-4-Keane.pdf
I wasn't referring to you RB.
Wow you guys got it all figured out! Insiders sold because they knew judge was going to grant Googles motion for extension and further delay RR verdict. The pacer for this will be out tomorrow? Is this what you are trying to say? Lol, I am taking what I can get then for my shares afterhours today!
Lol. What happened to all the great talk and posts of the past where this thing was going to hit $8-10 a share? Now we are all supposed to be pro swing traders on event based news? Gimme a break, you guys change theme from one week to the next. While some things with this stock are predictable, i.e. trading patterns, the fact remains that this stock has not moved out of the 3's all year in spite of all of these over zealous predictions of $8-10.
C'mon Tom that is silly! What does that have to do with investing in VRNG? Not an appropriate analogy.
Look, I am not trying to bash people here really. It's all about this stock. I bet 10 to 1 that even if the judge denies this latest ridiculous extension by Google and with the listing on Nasdaq, the pps "still" does not get out of the 3's. why has JJ sold out and now sitting on the sidelines, he's a smart guy? What about dlophinsmike, I don't see him posting here anymore? You guys are lying through your teeth if you are satisfied with holding this stock this long delay after delay. It is inexcusable that the judge has allowed the charade to continue this to go on this long. He has more than enough info to rule on this case without continually accepting the Google stall tactics. Why can't he rule already? What more does he need? Really, answer me this?
Hi Tom, yes I am drinking HJJ's piss water too because I have held my shares too waiting and waiting and waiting for this nonsense to end. You guys keep preaching about all of these great things that are going to happen but nothing ever pushes this stock out of the $3's. just being honest and realistic
Kool aid, stupid IPhone!