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Flyers,
Trade as you please; let others of us invest as we please. If you don't want to risk much on this stock, that is great. Some of us want to risk much on it, and that is great too.
If you don't know what you're here for, you probably want to get out now. Patent plays make your stomach churn if you watch them every minute; buying comes in surges; selling occurs gradually; therefore inclines come rather quickly followed by slow bleeding declines. 5 steps forward, 3.5 steps back.
Some of you are traders; fair thee well. This is a tough climate to trade in if you have no patience, and some of you need to get some patience. Some of us are investors; fair us well. This is a great climate to invest in as patience pays. There is very little need to check the day to day, or even to check the week to week. Check in every now and then and watch the progress. We're heading to the Markman hearing, folks. What comes after that cannot be predicted. Keep your eyes on the Markman, not on the day to day, and don't look much past the Markman, as everything after it is at this point highly speculative. Cheers.
61,000 on the bid
Good to hear from you again Smitter; thought you were elsewhere permanently.
Well said Celtics. Investment in every stock is a gamble, so the challenge is to pick those least likely to go down and most likely to rise exponentially. I think WDDD is such an investment right now. Some people are here to ride the pre-Markman wave, hoping for radical share price increases, which increases I think will happen, and will happen dramatically, but some of us are here (myself included) for the Markman and beyond. I didn't come here to ride the pre-Markman wave, as nice as that might be, but to stick it out through the Markman hearing and wait for the trial. I intend to be here for a couple years. Is this risky? Sure; so is everything else. But when I examine the information, I find much less risk here than elsewhere (in other patent plays). I've only got a little over 80,000 shares (which is nothing compared with those of you who have a few hundred thousand), and I may sell 10,000 of those before the Markman hearing, but I'm invested here because I believe WDDD has a GREAT case and a very high chance of winning against Activision. If I didn't think this, then I would ride the pre-Markman and get out right before the hearing. Or, to be honest, if I didn't think they have a great case, I'd get out now, or would never have invested. Because I think WDDD has a great case, I'm invested, and I'm invested not for the pre-Markman, but for the case itself.
Plenty of other patent plays have Markman hearings coming up, but I think patent-play investors are getting smarter in how to play these. IMO, there is no longer a guarantee a stock will rise pre-Markman, for, after VRNG, investors are aware you need a rock-solid case to make money in a timely fashion. Therefore, I think we'll see more and more patent play investors invest pre-Markman in those plays only which have a rock solid case, rather than in just any play with a Markman hearing approaching. My conclusion? This: I think WDDD is going to have a great pre-Markman run not simply because they have a Markman hearing, but because they have a great case against Activision, and because there is a high likelihood of success for WDDD at the Markman hearing. All should invest according to their own strategy. My strategy is to hold nearly all until at least June 28, and most likely until next year sometime. And I could be wrong about this, but I think many investors are wising up, or soon will, when it comes to investing in pre-Markman patent plays. I think we'll see a general trend where only those with solid cases will be invested in, and those with shaky cases will have no pre-Markman rise.
But what do I know...:)...I'm no Warren Buffett
Have a great weekend folks. Next 2-3 weeks should prove rewarding for WDDD longs.
Donald C. Schultz?
This things moving up on nearly no volume. It's primed for the next take off.
If sideways trading and accumulation is any indication, then the bottom is in, or at least within 5% of where we currently are (.405). And with so much of the float in the hands of those who intend to hold all the way through the Markman hearing, when volume comes in the price will go up quickly. Hope everyone who wants in is in; there are no signs of a run other than the run itself. The hard part is just waiting around for others to take interest.
It's fine. These plays are highly volatile, at one moment appearing as though the entire world has taken an interest, and the next moment appearing as if not a single soul remembers it exists (such as now). Keep your eyes on the big picture and you'll navigate this play well; lose sight of the big picture and you'll grow frustrated and maybe even lose a lot of money. Markman hearing is the current big picture.
I don't understand trading very well at all, and I understand trading this stock even less. I had a buy order in at .395, then I raised it to .4. Finally, I just slapped the ask which was at .41 at the time, and I bought no shares, then I looked and saw the ask raised to .412, so I slapped it again but bought no shares. Finally, I slapped the ask at .42 and bought 15,000 shares, but 10 minutes later the stock is back down to .405. What in the world is going on here? Can anyone tell me? I plan to buy some more tomorrow and don't want to overpay for shares that aren't even really there. As always, TIA
Are there any major sell orders on the L2 this morning?
BCYP got slaughtered today. The more I research patent plays, the more I think WDDD and VRNG are the current places to be. VRNG stands poised for some major positive news, and WDDD stands poised for a gradual incline up to Markman. WOuldn't rather be anywhere else right now.
I don't think you're right, but I could be wrong. I use Scottrade and the number of shares is enormous on both BCYP and WDDD, but all other stocks the shares on the bid and ask are normal. I guess it's not that big a deal.
Does anyone know why the bid and ask volumes are consistently at 250,000 shares or more beginning yesterday? I also noticed that BCYP has the same things happening to it. Are there really that many shares on the bid and ask? And if not, what does this mean? TIA
Sell, Sell, Sell...to me!
Glad to hear it. Sell your shares to me!
Charts don't remove Markman hearings. The 50 day moving average may be helpful if you're a day trader trying to make a quick buck, but not helpful if you're an investor in the long run.
I love days like today...this is where traders get to make some serious bucks.
Get ready to buy folks! We've got a ton of cheapies coming up for sale!
Yep. This stock looks more and more exciting...it's just going to take some patience. But maybe less patience than we might thing :)
Nope...better sell. Just wait until I get my buy order in tomorrow. LOL! Seriously...remember the trend of patent plays. It will appear the bottom has dropped entirely out of the stock, and then buying will hit like a ton of bricks. Just be patient. And by the way, the price and volume will defy the charts, no matter what a chart expert tells you.
June 27 is the event which will drive this price far North the closer we get.
I couldn't agree more. I'm not sure why anyone would be attracted to BCYP. I thought about picking up about 50k shares, but it seems to me there is going to have to be some dilution to finance this thing, and with the number of outstanding shares I don't think the share price is going to do much from here except stabilize or drop. Any raise in the share price would be based on hype at this point.
Wow, some heavy manipulation here. This is pretty cool to watch. A lot of negative Nancy's here lately and it looks like their rhetoric is working. Don't be scared outta your shares; if you have to invest elsewhere that is great, but if you're selling because you're afraid, just be patient. June 27 will be a great catalyst, and likely the 4-5 weeks before it.
No, I didn't get insider information. Brian Wallace told me only that which he is allowed to tell me, and nothing more. He was faithful to his confidentiality agreement. Revealing that the Karlsson Group project is legit is not confidential insider information.
This is great news! By the way, if anyone has valid reasons for selling their shares, that is understandable. But make sure you don't sell them because some bashers are telling you the deal is a scam. It isn't a scam. I took someone's advice a while back and called Brian Wallace after he left, and he told me the deal with the Karlsson Group, and the project as a whole, is legitimate. Don't be fooled out of cheap shares by a basher, folks.
Exciting times. I was going to flip this stock with a few shares, but now I think I'm going to hold every one of them. May 15 is too close, and June 15 will be right around the corner after that. It will be interesting to see what kind of catalyst to the share price those 5 million dollar payments are. I hope they build confidence.
Thanks for posting that. We knew it was coming. I have asked the company on two separate occasions how they intend to remedy the situation with NASDAQ listing requirements, and I asked them specifically if they intend to stay listed with on the NASDAQ or if they intend to de-list. Obviously, they have not answered my question, nor ought they, but we can be sure they are aware of the need to get the share price back over $1.00. It appears they are on their way to doing that, but we shall see. Therein lies the risk in this stock. I suspect Damon Barber is doing everything he can to come up with a plan which will take the share price back over $1.00. We'll see what he comes up with. Making the 5 million dollar payment on May 15 will probably be a rather substantial catalyst for the share price, in my opinion. We'll see what happens after that.
Now THIS would be awesome, and drive the share price back over $1.50...from the Yahoo Message Board, by techglass1:
techglass1 • 15 hours ago Flag
Vale SA is a likely partner for PGRX after just getting clearance to end its project in Argentina. It's looking abroad to find other large Potash properties. It sunk over $2.2 Billion into an Argentinian mine building out rails and developing equipment but the inflationary pressures in that country are making it too difficult. They began that process in December..that coincides with PGRX terminating the Apollo deal.
Exciting trading...getting ready for next leg up. Accumulation phase. Next couple of weeks should see a good run as we approach the Markman. Or imagine if we received some news!
Folks,
If history repeats itself, then they'll march this price back up to .31-.32 range before it goes back down again. You can sell now at .29, but you might very well regret it in a day or two. They're manipulating the bid like crazy. It says there are 100 shares on the bid, but there are more like 20,000, for you can sell virtually any amount and they are soaked up and the bid remains unchanged. They want you to sell today, so wait.
Buy on fear; sell on greed. This is a great time to buy into the stock, in my opinion. We might have to wait a couple months for the price to turn around, but I have no problem waiting that long.
I did, but I jumped a little to early...I jumped in at .27.
Watch...this will finish the day at .29, give or take a penny.
Get 'em while they're cheap!
Can someone with an L2 confirm or debunk that there is a bid for 1.6 million shares at .27? Thanks.
Rain,
Best to you in BCYP. I've not received an answer to my earlier question, and after searching around online, I believe the only answer to my question as to the justification of a 50 million dollar market cap for this company is it is not justified at this point. I think the share price is too high and the only thing holding it up right now is hype, not fundamentals, and hype will not hold a share price up for long. If it dips to .2 range, I might buy in then, but even at that price this patent play is very risky. Again, best to all invested here.
We'll know a lot more after May 15 when the first 5 million is due. The news that they made their first payment should be a catalyst for the share price.
I'm here with ya! Trying to figure out at which price to load more shares. One thing I know, there is a MASSIVE pool of buying underneath us. The sale of shares doesn't even really impact the share price. If someone bid-whacks 200,000 shares they are gone in a moment without even affecting the share price. This is very encouraging, as it means someone is soaking up all these shares.
Here's what I see: profit-takers who loaded up between .10 and .15 dropping hundreds of thousands of shares on the bid (bid-whacking) whenever they please when the hype is over. That's what I see...a scramble to the exit. The only thing which will prevent such a scramble is solid reasons which justify a 50 million market cap.
I am neither all in at WDDD nor afraid of people selling their shares of WDDD. WDDD share price could cut in half at this point and I would be just fine. I have made my concerns clear, and am looking for an answer: why invest in BCYP when the market cap is already 50 million? Seems the downside is far greater than the upside at this point.