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Call Cliff. He's the horse's mouth from which an answer to your question will be the most authoritative and thus helpful:
Investor Relations Contact
Cliff Weinstein
Executive Vice President
Phone: 646.532.6777
cliff@vringo.com
"Be greedy when others are fearful and fearful when others are greedy"or so goes the saying. The time to buy is before news hits, which is nearly always a time of frightful risk, wondering if the low volume will turn high and wondering if other investors will buy into that in which you're already heavily invested. Making money in the markets is risky, and usually the more risk involved the greater the possibility for making money, and for losing money. At these prices, in the high 2's and low 3's, investors are fearful, especially when news is scarce, but when those who are not willing to take risks fear, those willing to take risks salivate. What does all this mean? This: if the saying in the first sentence is true, then now is a great time to buy. Buying after news hits might make you money, but buying before news hits will make you more. Happy investing.
Watching the fireworks!...and secretly harboring a small hope V*NG's chart will perform similarly in the next 2 months.
Almost entered KERX at $5; kinda wish I had right now...
Buc, which one are you referring to? Send me a private message if you would.
Well said Shipwreck.
Personal "beefs" should be taken up in private messaging or some other forum, but not in public. Otherwise the rest of us have to sort through the garbage in order to find posts by the well-informed and educated. Looking forward to JJ Seabrook's take on things, among others, as folks like him usually know what to say, what not to say, and when to say it. Sorry I wasted your time by writing a post you shouldn't waste time reading.
With the most recent change of hands from day traders to more long-term investors, and the increased short interest, if ever good news hits the press the price will skyrocket. I hope we see that day, and I hope we see it rather soon.
Great day today; hope it keeps up. Bought some more on the early morning dip. Any day we close above $3 is a great one. Hope we can keep this up in the weeks to come: we'll see.
I am long as well; I don't even know how to short a stock, nor do I care to know. But I am long with a limited time frame, 2 months maximum, after which I have to liquidate my position for personal use. I'll be averaging down today as well.
I couldn't agree more; I've been "over" what I paid for the stock for quite a while now; and the very first thing I learned about trading is that the market doesn't care what I paid for the stock. All that said, whether I ask, "Will the market price go up 5/10/20?" prior to 3/20/13?" or, "Will the market price go up to a certain amount, say $3.30 or $3.60 or $3.90?" the question is the same: Will it rise to a particular level which is 45 cents above close, or about 11% above close?
I've no hard feelings about VRNG; made quite a bit of money elsewhere. Just asking for advice, the giving of which is one purpose of message boards.
$2.60 would not surprise me tomorrow, not as a sustained price but as the "day low." You've been around long enough to see such dips and it has not been that long ago (a couple weeks) that we were at $2.66 before Ravicher threw out his article and the price sky-rocketed. I hope the stock doesn't drop to $2.60; I hope it doesn't drop below $3.00, but the market doesn't act according to my hopes and dreams, nor to any of ours. I'm just being realistic: when timelines are unsure and sparse news (none) is the order of the day, investors flee. I'm not going anywhere as of yet, and if the price dips to $2.7 I'll be buying a few thousand more shares, but I don't expect the share price to be back in the $3.20 range anytime in the next month. The price may be back there sooner than I think, but I don't believe it will be. JMO.
Tomorrow? Who knows. My guess is we test 2.7ish, reaching huge support at about $2.6 or so, and then it will reside there for a while, bouncing between $2.6 and $2.95 for a couple weeks until news or articles hit. But that's just my guess.
The reason the share price rose was because D. Ravicher's article came out just before the close of the day: this prompted a brief flurry of buying. Then, just a few moments later the Pacer document hit the wires and the price dropped. The way it worked out is rather humorous: D.R. guessed the Court would refuse to do exactly what the court decided it would do moments after what he wrote his the press! Ironic.
JJ,
I realize I bear sole responsibility for my investment decisions, so with that said, I have to have some money I currently have tied up in VRNG liquidated on March 20. If you were me, knowing the general timeline of how VRNG might play out over the next couple months, would you, 1) Pull your money out because the likelihood of this stock rising above $3.70 (my break-even) before March 20 is slim; or, 2) Let it ride because there is a fairly high likelihood that the motions will be ruled on and the stock rise (assuming a favorable ruling) above $3.70?
Thanks for any helps; you can tell I'm sort of new at this. Again, I'm only asking for your best educated guess and will not use your advice for any other purpose than helping me form a judgment for which I am entirely responsible.
Thanks JJ; helpful information, as always.
JJ, what is the legal significance of this? Does this lend us any hint about judgments to come? I'm ignorant of court proceedings so please excuse my lack of knowledge.
What does expired options mean for the share price?
Also, who would be selling so many shares at these prices? With January 25 3 days away and February around the corner, who in their right mind would be selling shares now? Just curious. TIA
Lunch time is always interesting on volatile days; let's see what it brings over the next 2 hours.
One week to go before January 25; then a few more before mid-February. The time to see what VRNG is made of is now. Tom4 has been right: for those who weathered the storm of laches and the $2.66 bottom most recently, closing above $3 is success. Who knows what the stock will do, but higher lows appear inevitable for the next week as anticipation of news grows more and more poignant. I hope very few of us make the mistake of selling for a loss in the short term; patience, not cutting one's losses, appears the most profitable virtue presently. Happy trading.
I told him that if the news was bad I would have to stay by my computer to dump shares, but if the news is good I could get back to work and leave my computer. He told me, "You can get back to work and leave your computer." GLTA
I just got off the phone with Mark from investor relations, and he said they have "material news" to announce. The news they have to announce is good news! Congratulations to those invested in CGR. The announcement, according to him, should be out within the hour. GLTA
What just happened to the price?
Why did the stock drop so sharply at the end of 2012 amid such a great 3rd quarter? Also, what are the primary catalysts for this stock? I would like to add to my position but want to ensure I'm not buying a lemon. TIA
In at $.611 this morning. Hoping for good 4th quarter news from CGR!
Please explain chart; thanks in advance.
Still here, though with a reduced position. Not going anywhere until we hear about ZTE and Google.
With the kind of buying pressure as of late, if we hold our shares tightly this stock should move to .9 with ease, and may even test $1.00. We'll see what the next couple weeks bring, and especially what next week Monday brings! GLTA
Thanks JJ; is there a date set by which the final replies must be in?
Are there specific dates set in place on which the general public will hear Judge Jackson's decision to grant, or not, an extension to Google? Or is the entire case now so nebulous the best advice to minds inquiring about specific dates is, "If you want to get in, get in, sit down, shut up, and hang on; we know not when or what or who will happen, but only that something will happen eventually"? Looking for information, not hunches, unless hunches is all we have.
TIA
Sprocket, you're not missing anything. Some people are talking as if the shorts are going to have to cover if big news comes out, but if you notice the history of this stock, it never holds huge gains. I suspect the reason it does not hold huge gains, and thus gives shorts no real reason to "sweat" when the price surges, is the company, as of yet, has no actual product. Thus, the stock price is basically dependent upon court rulings, or the possibility of those rulings, leaving us with spikes in the price followed by lengthy periods of silence and slow decline. The news of victory wears quickly off, and all the nervousness/risk/speculation of the next trial leaves investors just as skeptical as they were before the previous "big" news. Simply put, until this stock becomes less about "Vringo Won!" or "Vringo Lost!" and more about a legitimate product they sell or market, it will continue to be extremely volatile. In my opinion, this message board is composed of about the most competent people I've encountered on an IHUB board; useful information is usually plentiful, with the exception of a dozen or so periodic comments on football or a night out at the casino (which are rather amusing). But as of late, if this board is your only avenue of information on Vringo, the conversation has tilted toward talk of the upside, nearly exclusively. I'm cautious about the stock right now simply because I've been hearing much talk about greed and very little about fear, and as you know, the saying goes, "Be greedy when men are fearful; be fearful when men are greedy." Buying this stock below $3 was kind of a no-brainer, but the currents prices, and all the talk of greed, makes it a much larger risk. Hope we all make a lot of money; trade this sober-mindedly.
Amen to that Rain. There is a rather huge downside potential to this stock, as when the judge threw out laches and it plummeted uncontrollably. I hope it continues to go up and we all make a lot of money, but for those anticipating a position, or a larger one, you may want to take into account the one adjective which best describes this stock right now: RISK. As many have already said, I'll repeat, don't play this puppy on margin or with any other money you cannot spare. Welcome to the casino...where the odds are in favor of the house.
I've been invested in this stock for 4 months only, and as much as I'd like to see the price per share shoot through the roof, I've seen too much manipulation where the stock is intentionally brought down before expected news. I anticipate a "pop" of significance in late January/early February, but have pulled much of my position out of this stock to make more money elsewhere until then. I think this stock will be a rather good investment, but it will take some patience. If you're impatient, like I was initially, then take your money elsewhere for a while; but be sure to come back by January 24, or by mid-February at the latest.