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I think you are spot on, though I would not discount a run before then. Though unlikely, all it takes is someone buying a million shares and this will run. Or, if VRN* pops, I could see some folks come running over here very quickly. But I am not counting on these things to happen.
No thoughts. I think we're all on the same page here. The article will be out soon, as EDVA keeps his own deadlines. Personally, I think the article will be a slow gradual catalyst helping more and more investors see what is at stake here and trickle in.
There's no real way to "pump" a post-Markman conclusion. You'll see the results themselves, with your own eyes, and can make your own conclusions.
Personally, I don't think this stock is "pumped up" at all. I think it is trading in a great range and is poised for a break-out with any number of catalysts. Again, patience.
Me too, but this is where coolerheadsprevail but emotion and anger cause problems. Patience.
That is great advice. Now is a great time to sell, anico. Dump your shares (if you have any left, but I think you mentioned you sold all out) and get a CD. You can get about 1%/year with virtually no risk.
It is rather obvious that at this point the market does not think this a slam dunk. And many who came to make what they thought was a guaranteed quick "pre-Markman" buck are selling now to de-risk before next week. If we are all supposed to trade based upon what the market thinks is a slam dunk, then I guess we should all exit WDDD.
Also, the game being played the past few days has been played 4 times before. Look at the 6 month chart. If what you said about insider information is true, then there has been insider information leaking about once every 3 weeks for the past 3 months.
This is one of those great entry points about which I've been talking lately. If you want in, now is as good a time as any.
Don't you moderate on the VRN* board, and shouldn't you know, then, that what you just wrote is ridiculous? After all the "insider" information which has proved false at the board you moderate, you would think no one would come onto this board touting such an elementary idea. The hearing hasn't even happened; the case hasn't changed a bit. The sides have largely stopped talking in public at this point so as not to say something which may damage their case. And you think the price is dropping because of insider information? Someone who moderates the board of a patent litigation company should know better than that. The price is dropping for many reasons, but not because of a leak of insider information.
Yes. Especially those people who came for a pre-Markman run-up.
It's anybody's guess. If the Markman goes well, there is always a grand slam chance ATVI will settle quickly. That possibility, slim though it may be, should keep things hopping around here after the Markman hearing. Also, if EDVA and others are in the court house tweeting and texting, then if they report the Markman a landslide victory for WDDD, that should drive things North as well. Long story short, after the hearing itself the results will come out in official format likely sometime between 2 days and 2 months after the hearing itself. It's a pretty big window.
Maybe tomorrow, depending upon the buying pressure.
Yep. Right on time. They are aggressive at trying to scare investors into selling. We'll see how many shares they squeeze out of people who bought higher. The method is cruel and greedy, but it works. There is always someone who will sell for a loss and walk away.
Yeah, it's hard to know. 2 months would be on the long end of the official release, but you're right, it may take that long. But with other catalysts looming, filling in the high 30's and low 40's is a fairly safe bet here.
For those wanting in, this looks like about as good a price as any to start loading up. Maybe buy 1/2 a position here and then wait until tomorrow to see if it hits .405 or so and fill the rest up there. Then buy some patience.
Whatever you do folks, don't sell down here. Buy if you can and wait to sell in the upper .40's/lower .50's. Even better, wait until EDVA's article is out and see what happens; better yet, wait until June 27/June 28; and the best, wait until the official Markman hearing results via Press Release. This is not a get rich quick stock, but a get rich slowly stock.
No insinuation at all...never even crossed my mind. I just posted my message in reply to yours, but should have just posted it. When I said, "If you want in cheap" I wasn't referring to you personally, but to anyone who wants in cheap. Sorry about the confusion; I can see how you took what I wrote personally. My fault.
If you want in cheap, throw a huge bid out there about a half penny below the bid. They should come find you and fill it. Timing the bottom is hard, but if you check the trading history it shouldn't be all that hard. A low somewhere between .395 and .41 should be about right.
Bingo! Their whole scheme falls to the ground once massive volume hits the stock, but so long as this stock remains in obscurity with very little volume, they can make money in the meantime. They obviously think this will go up, but why wait a month or two to make money? May as well make it now too. And if you have millions of dollars in your back pocket, you can manipulate a stock like this for a while to pad your own pocket.
What do small potatoes like you and me do? Notice the pattern, play along, and get ready for the real events: Markman hearing, and Markman conclusion.
Looking forward to EDVA's article which he said would be out early this week. I don't expect his article will be a major catalyst for the stock, but it could be. I intend to use the article to bolster what I think I already know: that WDDD stands to make a ton of money. Neither do I expect EDVA's tweets from the courthouse to draw a lot of new investors in, though they might, but I intend to use the courthouse information (assuming it is good) to bolster my own "staying power" until the official Markman hearing press release.
I think a successful Markman conclusion press release will be the major catalyst which brings many new investors in, and I'm really looking forward to that.
Honestly, it would have to be a rather large number as the CEO and Susman Godfrey are convinced--very convinced--that the case is rock solid. Post-Markman the number goes even higher. Pre-Markman, it seems (to me, after talking with a couple people in the know) the settlement would have to be a bare minimum of $100MM, but I am guessing that if such was offered pre-Markman, the CEO and the attornies would very much consider turning it down and bringing this thing all the way to the Markman and even to trial because there is, literally and without exaggeration, well over 1 billion dollars able to be won here. Time will tell how much money will change hands, but there is a huge amount at stake here.
Have a good weekend all. See you next week in anticipation of EDVA's damage estimate article and the impending Markman hearing! Exciting times ahead.
Not sure why you're worried, but if you're worried you did the right thing in selling and moving on. Thom has had permission to do a reverse split now for about 3 years, and has not done it, and on July 15 he plans to ask shareholder permission again, no doubt in order to get a "feel" for the prevailing opinion of shareholders (he wants us on his side, not against him). Therefore there is no reason to be concerned about a R/S. The only reason Thom would do a reverse split is to get the share price a little above $5.00 so institutions could buy in and this thing could take off: that would be a good thing for all of us!
But depending how the Markman goes, and how much publicity WDDD receives, it may not even take a reverse split to get this thing above $5/share if ATVI settles or if the Markman hearing is a raving success and the damages estimate is through the roof (and legitimately so).
Time will tell.
Hope everyone is ready for early next week. EDVA's article should prove a fairly decent catalyst, and from his article until June 27 I expect growing interest in the stock. I'm guessing today, and maybe Monday if EDVA's article doesn't come out until Tuesday, will be one of the last good days to short this stock. Beginning early next week I would sure hate to be short on this stock! Volatility and catalysts coming our way. Get ready to climb.
April 2, 2012, was a huge day for VRN* because a certain respected analyst wrote a piece about it, launching the stock from the mid 1's well into the 3's/share. I am not saying EDVA is on the same level (as far as reputation goes) as the man who wrote the piece for VRN*, but when EDVA's damages estimate comes out "early next week", it may prove to be a huge catalyst. EDVA is thorough, if nothing else, and what he writes will be well proven. Therefore, if his numbers even remotely reflect what has already been projected on this board (see Spanky's estimates), and enough people catch wind, then this stock will take off and have a pre-Markman run thanks to EDVA's article.
I think June 27, if EDVA and others provide tweets from the courthouse, will be a huge day for WDDD; and I think the Markman conclusion will be another huge catalyst. And for these two catalysts I am here. But I also think EDVA's article next week may be just as big a catalyst. And maybe not, but it might be. We'll see.
Everyone has to trade as they see fit, but for those wanting out, it might be worth your time to wait a week.
Moderators,
Please remove every post which makes a personal reference to another trader/investor, per the terms of use. Sadly, there are many of them needing to be removed.
To all, let's keep this message board on the subject: Markman hearing.
Thank you
Just wait until news hits; any news will send this thing flying even more than it already is.
Wow...calm down. I'm saying the company market cap could easily hit 150-200 million in the short term. But what do I know. I don't make the decisions to buy or sell. There is some major money here which thinks buying is good; you and I are just dust in the wind.
I think this stock will be trading in the $6.50-$8 range within the next few days, and might possibly hold at $10.00 for quite a while. It has been oversold for too long, and over shorted. The shorts are covering and will continue to do so as long as the prognosis for this company appears good. And it is most certainly good right now! All in my opinion.
Thanks. I couldn't agree more, but thought I'd check just in case I was missing something.
Do you think the price will bounce up anytime in the next month, or do you see a slow bleed from here? I read your previous post. I'm just curious as to your thoughts on what may happen in the next month or two. TIA
For those who might be unaware, June 27 will prove something of a catalyst for this stock. The official Markman conclusion will likely come sometime between 1 week and 2 months after June 27, but for those who followed VRNG, you know that when EDVA sends out his tweets from outside the courtroom, the information moves the stock up or down. For those waiting until mid-July to get in, you might want to reconsider, as the information provided us by EDVA, Celtics and others at the hearing will move this stock long before we hear the official conclusion. Just FYI.
Thanks for writing the article Joe. I understand what you mean when you write WDDD is a patent troll, but no matter how you spin it, the language you use is legally inaccurate, and in patent litigation, accuracy counts. Officially, WDDD is not a patent troll, and not even a Non-Practicing Entity (NPE), but is instead a Practicing Entity (PE). If they lose the Markman hearing, which I firmly don't believe they will, then no doubt the stock will plummet, but the high probability the stock will plummet if the Markman hearing is unsuccessful does not mean WDDD is a patent troll. With all due respect, the definition you use for "patent troll" is officially inaccurate, no matter how much you defend it. WDDD is a PE, per definition, and that is what matters. Other than that, I appreciate your article much. And again, thanks for writing it. I mean that.
Doesn't matter; the case doesn't rest with Celtics, it rests with Max Tribble and the patents.
Celtics has become impatient; he's going to risk the opportunity to make money elsewhere in the hopes he can do it quickly and buy a more substantial position in WDDD before the post-Markman announcement.
What I am trying to say, and not saying very well, is a pre-Markman settlement number is going to have to be very high for WDDD CEO to take it. The consensus of Susman and Godfrey is that they are sitting on a goldmine of a case, so a settlement, if any is to occur, would almost certainly be post-Markman as WDDD will be in an even better position to negotiate for big bucks. Kidrin has waited years and years for this moment; I don't think he plans to short-change the process a few weeks if it means giving up hundreds of millions of dollars.
The next round of buying takes us well over $4.00/share. Get ready!
I agree, with one exception: since they believe the case is rock solid, I think their mindset is certainly not opposed to settling, but it will be a settlement after the Markman hearing conclusions are released, for in their minds the success of the Markman is highly likely. And a successful Markman will be even more leverage for a high dollar settlement. Also, since WDDD intends to go after other infringers, a successful Markman hearing will lend credibility and weight to further lawsuits. Thus, I think Activision would have to offer somewhere close to 1 billion pre-Markman for WDDD to settle, an amount I don't believe Activision will offer pre-Markman, but might offer post-Markman once damage estimates are released.
I hope you are right, but I highly doubt it for two reasons. First, the attorney's at WDDD are not going to settle for a pittance--they are in this for some really big money because they believe they have a great case. Therefore, Activision would have to come with at least 1 billion dollars, a sum which is hard to imagine they would come with unless they absolutely had to. Second, WDDD's case has not yet been validated by a judge.
I could see a post-Markman settlement, and I believe that is likely, but a pre-Markman settlement is far-fetched, in my own opinion. Again, that would be great, but I think it is highly unlikely. I could see Activision offering $100MM, but WDDD is not going to accept something that low at this point.
I agree with Celtics that it appears, unless something drastic changes, WDDD will trade in the .39-.48 range pre-Markman. All in my opinion.
It is a very fine line; on that you are correct. If you have a day job and cannot sit in front of a computer screen (like many of us), then you find a company which is solid, invest in it, and walk away. But if you are a day-trader who needs to make money every day to live, then waiting in WDDD until July is a waste of your time and money. Why wait around here for the hope of making 50%, when you can play around in other stocks for the next month and make 200%?
Excellent question...I'd love to hear the answer too.