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I will just caution you about this statement:
I have no idea other than what we already know:
Financing deal and delay in markman.
Until Friday there where still 10k-20k blocks being sold. Friday that changed. It was dominated by buying but still low volume.
Barring any unfortunate news I believe the bottom is in and should begin it's ascent next week.
IMO of course
Way too much wild speculation agreed!!! I am no longer reading more than the first sentence or few words.
I hope it goes to 6-7 but I still highly doubt it gets over 4.50 till the actual RR is announced.
But as I said before no one can answer that question but the big boys in control.
If ya stick with it longer term I think everyone will win after ZTE.
It might be kinda tricky trying to trade this Monday due to the high volatile way this trades on big volume days. It can go up a dollar fall a dollar then go up 1.50. (chart-- 4+ to 1.75 to 4+).
Let's just all sit back and watch what happens Monday. If nothing else it will be entertaining.
The board has broken down into he said she said non-productive to say the least.
Oh the shorts get it!! At least the institutional ones do. What ever happens Monday will be the result of those shorts. Whether we pop and drop or we shoot to da moon retail is just playing along.
When you see 850,000 share blocks at 25mil dollars you need to understand that it is their game.
Somebody mentioned 7% institutional ownership. That is old news there is now 15-20% and that only accounts for Russell. We've seen some huge buying since then. If I had to guess as to the real % I would think 20-25%. This may seem high but the price action and the charts over the last couple months support big time accumulation. Add that with increased short positions and you get a stock that has been held in check for a reason.
Wishing everyone the best.
LOL or $6.50
Sorry if I didn't make sense somewhere. We are at 18 mil + shorts and yes 6-8 mil of those are below 4.50 in my calculation. I truly believe we have seen approximatley 2 mil shorts covered in the past 2 weeks with the high volume and subsequent move up in price. That would leave 4-6 mil in the 3.50-4.50 range. It will still take another 10-20 million share day to the positive to clear out those in that range.
This still all depends on the institutional control and they are in control. They still have a buffer and we will know when they decide to start covering.
If we don't see a large spike Monday morning followed by a huge retrace I will be surprised. Most likely the days chart will look like a long upside down hammer.
Of course these are my opinions and can be shot down with one giant swoop from HJJ. But I don't expect a RR ruling Monday.
My Best to all
Just thought I would post for your entertainment as to how I see it in my little pea brain. Now this follows the old rules of umpteen years ago before most of us where born. The pattern is typical of Large institutions way of accumulating with the lowest possible risk given the stock is felt by them to have a bright future. Wait till the stock runs up into no man's land. Take a large short interest. Drive the price down without breaking it's back. Keep retail frustrated and selling to you until either the sentiment changes or they have accumulated enough of retails shares to begin the walk up.
I don't have a clue what this will run up to and neither does anyone else.
Most of the speculation I have been reading is possible. However, you do all realize that it would take special circumstances to occur.
The likelyhood of a major short squeeze is unlikely given the circumstances before us. We would need more than just an RR ruling. the RR will most likely not come for another 15-20 days considering HJJ's request and time frame he ordered. The share price would have to begin from a range above $4. With this time frame and given the amount of shorts I would say we sit back at 3.50 maybe even a bit lower in 20 days. This is all speculation but based on some facts as I laid out.
5.73 is where the shorts began ther attack and I would imagine that between 4.50 and 5.73 is the point at which the majority would start to feel the pain. They eventually will begin covering but if it is institutions on the short and I believe 90-95% of that is institutions. They have control and will remain in control until they decide it is time to jump ship. By that time they will have accumulated enough shares on the buyside to either start selling into any run or decide to let her run. Don't be fooled your are playing in the big leagues here with tons and tons of money on their side. They will make or break this stock. You have to play their game and on their time. Play along and let's see what they want out of this stock.
Looking into the future....
ZTE is what I think will be the catalyst to above $5. But the hearing isn't set until Oct. They will most likely not settle (if they settle) until after that hearing.
This has been the most frustrating stock I have ever been involved with. I see no reason why it won't stay that away. Big money is playing for shares here have been for a long time now. They will keep a lid on it until they are happy with the long position they have accumulated.
This doesn't mean that a huge increase in buying (20-30 million volume days ) wouldn't create the perfect storm but it will still be controlled by the big money. If they decide to start covering then it will be in incremental moves day by day They want to make money on both sides of the trade and most likely will.
I would like to see a two day squeeze of %300 or more as much as you all but it's most unlikely. They have so far been able to dissappoint most and anger them into staying away that is their game and it dates back some 50-60 years or more.
These are all my opinions and wish everyone the best.
Close above 3.50 excellent!!!
At least now we know HJJ is paying a little bit of attention to this case.
Let's hope the weekend brings more good news.
Agreed I would not think that is real for we would see a halt pending news in most cases. If there is a leak it is possible but unlikely IMO
Finally the great HJJ speaks!
Thank you JJ for posting quickly!
I am done sorry guys
under 20,000 did you lose 9,000 on the way
I think I got a little on my shoe lol
Nice to know! Lol
Controlled equals manipulated!
We all know they use algorithms but they use different algorithms to create the results they want.
Btw I own my home. Have for 25 years!!!
So why would you have a long position? You should be shorting it on every pop!!!
over 100 million dollars on the short side of this and you say there is no manipulation Master of nothing!!!!
That's it hedge funds keep making it look weak so you can steal as much from retail as possible.
Same ole same "any day now"
I gotta be honest I have never ever hated a stock more than this one. 6 months ago we where at the same price as we are now all sitting here saying it's going to da moon, any day now, these shorts are gonna get burned badly, somebody knows something...BS!!!
Most likely VRNG will not see any $ till the appeals are finished.
Good to see the selling slow and buying increase could be the bottom here!
I would think they will have a hard time driving this much lower. Kinda hoping to see it happen so I can reload but so much buying volume between 3-3.40. If those buyers hold then it will not drop. The history of this stock not holding gains and falling to previous support 2.80 or so may be over. New channel may be set now.
I see it now but thee is no information on the actual filing I see your issue. I would call that number first thing in the morning or call the transfer agent for them to find out what you can.
1 619 243-7500
Yes it is called toxic financing and I bet they keep the price as low as possible to get as many shares as possible. I believe the other financing was converting at 2% a month but the interest on principal was 15%. Never would have paid that off. That is the only good thing that came out of it.
Where are you getting this info? I don't see a form 25 filing for that company. Let me take a wild guess...YMB!! Can't be posting this stuff here wrong board My apologies to board members.
Definition of 'SEC Form 25'
A notification given to the SEC by a national securities exchange telling of the removal from listing on that exchange and registration of matured, redeemed or retired corporate securities. SEC Form 25 is required by Rule 12d2-2 of the Securities Exchange Act of 1934. A security is considered to be delisted 10 days after the filing of Form 25 with the SEC.
Investopedia explains 'SEC Form 25'
Securities may be delisted from an exchange for various reasons. Bonds may have matured or been called and redeemed by a company. Another reason may be that a company has been taken over by another company and all of its outstanding securities have been exchanged for cash or another security.
http://www.investopedia.com/terms/s/sec-form-25.asp
Just seems to me these filings are going to add additional time for HJJ to procrastinate.
Is this the way you see it postyle?
3.14 geez going negative again.
I think he is ignoring the whole damn case!
Inching its wa back up here past 3.28 we could move back to 3.40
One thing about it the float seems to be getting tighter and tighter like the noose around shorties neck.
When she blows there won't be much time to cover or buy. Especially if it takes off from these higher levels.
There is definately some loading going on here in the past week.
The insinuation being that expectations are increasing for some news soon!
IMO
Excellent find BTW, thanks
In the meantime, for those of you tracking Vringo's litigation, CEO Andrew Perlman has this top tip for you: "In terms of our ZTE litigation, what people should be looking for I think is the October fifteenth hearing that's scheduled in Mannheim, Germany". Mark your calendars, ladies, gentleman and Kats.
They have huge growth potential but only on solid news of finished marketable product. May even take actual sales and signed contract.
They have lost all confidence with most of the investment community.
Like I said before this is a lottery ticket play for me. Never expect to see my money back but if I do it should be huge win for retirement. I went into this with that mindset. Long long long term hold.
I will buy little by little over the next few months years. By little I mean $500 or less each time. At .016 it's about time to add some. Need to see some buying before I do though. This increased volume and lower lows is not the best sign as of right now.
0.24 again? looking that away :(
It sure is looking more and more like Wednesdays 850,000 block was a setup to Friday.
I sold half and I won't buy another share until it's below 2.90 or HJJ lays down the RR.
It's been a long process of ups and downs. Beyond patience. Everyone has their limit.
Been watching, this one is on my radar.
Anyone have an explanation to this drop?