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I played all of those the difference between VRNG and those is the float on the other three is ridiculously low less than 5 million shares.... not the case here. We will go higher because those stocks had zero shorts and we have 19 million shares that must be bought. Next week the margin calls go out. Then you will see a mini run like USU/STXS/SR...
Both Dan Ravicher and Patenplays on Stocktwits said HJJ can rule on 822 any time FYI...
Down goes 3.70 ....going to close at A/H high
trading ends at 8 pm EST...
Yes I agree.. now trading $3.69 bid , I am so happy for all the long-suffering longs on this
Joe your premise is wrong. Do you understand that the Judge has ruled Google must provide independent access to verify their numbers within 2 weeks? Do you think that Google is going to allow that to happen? The answer is no. They will settle this as they have no strong basis of appeal. You obviously forget that Vringo's appeal of the Laches decision is the strongest of all the appeal points. Ask the lawyers on the board.
Also wanted to add. You claim to be neither long/short. I have never sen you before, you are posting on every board. Do you have a reason for spending time telling people your opinion when you have no interest? I have seen this movie before it doesn't end well ....
WE could close the A/H close to $4 and pick it up there on Monday pre-market.... these levels have not been seen since the ruling in November...
NO doubt, I saw him post this on Stocktwits and Yahoo does he think we are idiots? Rhetorical question. lets have a short bon fire on Monday...
like SR/STXS and USU before that
Why are you posting this on every board? You are entitled to your opinion but if you think this is all there is watch what happens on Monday and beyond. You sold too soon too bad for you.
Hearing MSFT buyout per twitter rumour
Definitely agree Tobinator. My ears perked up when the volume and price spiked last week. AS I pointed out yesterday there was no follow through so the whack a mole game gets replayed. I would love to trade this but the pattern is back to bearish again, so I will hold my core position but not add. I agree with you that each movement takes out stale longs and inserts institutional buying. No one would buy this for a trade for the long side, there are far better vehicles. One of these days I expect a run, a halt and a big gap after. Having not followed it day to day, is there any reason left that keeps the judge from ruling?
Thanks
Excellent analysis Tobinator as usual .. I concur... The "normal" pattern would have seen low 3's its' resiliance is telling..
Only half hour in but no follow through from Friday's action....
Pre-markets can be very deceptive. I have seen weak pre-markets and strong regular trading and strong pre-markets and the stock gets dumped. Check back at half-time...
Current quote $3.40 - $3.50
Margin calls will escalate as the stock price rises adding more fuel....
Vringo only .40- .45 away from all time monthly high close... highest close ever on a monthly basis was June 2012 (Markman hearing) @ $3.86
How could anyone know ... there is no public news but, we know there are reasons for these moves, stocks never move up/down without justification. Volume and price precedes news, happens all the time. Do you have a theory?
Tobinator I appreciate your work it is one of the few I read consistently. I always maintained my core position in shares pre-VRNG merger. I have not been trading it because there are far more compelling trading vehicles. I set an alert on volume and price for VRNG and both went off. Now I see a technical break. The fundamental reason may be the USTPO ruling, but I agree with you this move is not like the others. The shorts have piled on and they are not protected with options strategies. There is a greater chance of squeezing them now than ever before. I see risk/reward balance to the long side. We need to see conformation in terms of price and volume next week. If this takes out $4 I see the potential for a short squeeze as very high regardless of news.
Keep up the excellent analysis!
Google may publicly proclaim a work around because they believe it is so. However it has not been independently verified. The courts will not accept their thesis until they can prove it to their satisfaction. Not having followed this as close as I used to my question is has this alleged workaround been independently verified? I disagree with you about Google's strategy, the ruling last week took out another leg and the house is about to fall. Their is no exit for them other than to delay payment. The delay strategy may have worked, but now they have no way of winning and the odds are that Vringo's appeals are far more compelling. No predictions on time as that has been a mugs game. From a strategic standpoint VRNG is clearly the winner.
Actualy the short interest is 26.5% according to WSJ..
http://quotes.wsj.com/VRNG?mod=DNH_S_cq
I think we are seeing the early stages of the end game for Google. It is not about the money as a settlement/rr award is not material to them. However the USTPO ruling is most likely the tipping point. They can delay this technically using various tactics but, the jury verdict, the USTPO decision and JJ's ruling is all against them. Delaying will allow VRNG's laches appeal which is far more compelling than anything Google can try. From a business perspective they have made their point that patent litigation will be battled. In this case Google has a shareholder base to justify its actions against. They have to make a compelling case for continuing this fight in light of potentially a 3 fold increase in the eventual outcome. I do not belive they can do this. The smart money realizes this and will be initiating a buy and squeeze the shorts strategy. I expect this breakout to continue and the volitility to be elevated.
Vringo looks really good here, different pattern now on the Nasdaq very positive. I wanted to follow up on a post I made a few weeks ago regarding Vringo being manipulated by mm's and shorts. There was some feedback that manipulation does NOT occur and I disagreed. I read this AP story today :
Vringo Market Makers
Vringo Currently has 32 market makers listed on Nasdaq...
Edit...BYX is making a market but not on the list
http://www.nasdaqtrader.com/trader.aspx?id=dailymppositionreport
MPID Firm Name MP Type Status
AABA Chardan Capital Markets LLC M Active
ADAM CANACCORD GENUITY INC. M Active
ATDF AUTOMATED TRADING DESK FINANCIAL SERVICES, LLC M Active
BOOK Bloomberg Tradebook LLC C Active
CANT Cantor Fitzgerald & Co. M Active
CDRG Citadel Securities LLC M Active
CEMM Citadel Derivatives Group LLC M Active
COWN Cowen and Company, LLC M Active
DLNY DELANEY EQUITY GROUP LLC M Active
ETMM G1 Execution Services, LLC M Active
FBCO Credit Suisse Securities (USA) LLC M Active
GSCO Goldman, Sachs & Co. M Active
MAXM Maxim Group LLC M Active
MURF Murphy & Durieu M Active
NITE Knight Capital Americas LLC M Active
NITP Knight Capital Americas LLC M Active
NSDQ Nasdaq Execution Services, LLC. M Active
PERT Pershing LLC M Active
RBCM RBC CAPITAL MARKETS, LLC M Active
RWPC R. W. Pressprich & Co., Inc. M Active
SOHO Two Sigma Securities, LLC M Active
SUSQ Susquehanna Capital Group M Active
TEJS Tejas, Inc. M Active
TRIM Knight Capital Americas LLC M Active
UBSS UBS Securities LLC M Active
VERT The Vertical Trading Group, LLC M Active
VFIN Vfinance Investments, Inc M Active
VNDM Vandham Securities Corp. M Active
WBLR William Blair & Company L.L.C. M Active
WCHV Wells Fargo Securities, LLC. M Active
WDCO Wilson-Davis & Co., Inc. M Active
WEMM WELLS FARGO SECURITIES, LLC. M Active
New stock vested creates tax liabilities, enough shares sold to pay tax, not really a big deal, it happens every day...
This was not intended to compare V and NFLX. I have no opinion on it. If you read what I said carefully, my point was that the stock NFLX was universally hated at $50 and today it is over $200. The bears have been on the wrong side. The point that I made is that bears that take big bets against a stock are not always right. You may be right on shorting NFLX now but that was not my point.
Very nice find. Reading the article it seems that Microsoft is very savvy in their patent strategy. One has to wonder what compelled them to quickly abandon their litigation strategy against Vringo and work on a settlement while Google continues to keep their head firmly in the sand. Google has lost and will lose this battle with Vringo in a bigger way. The time lines have been ridiculously long but the end game is near. Vringo will be a bigger stronger company in the next year for many reasons. I have said this before, the short game is wrong many times and this reminds me of a bull/bear debate I saw on NFLX at $50. The bear said it was going out of business and the bull said it was a new model that was compelling. Yesterday NFLX was upgraded with a $350 target, guess who won?
Don't bother with this particular author. He claims he owned Vringo many months ago and since he sold every article he has written has been negative. He doesn't even attempt to find anything positive. He writes as if he is short, makes only Google's arguments, even though he claims no position. He also makes some ridiculous, nonsensical arguments. Total waste of a few minutes.
I bought in to this move today. Have you followed it for a while? The earnings and technicals look good. I expect a test of $9.20 and a breakout if it can get through $9.50....
What I meant to say was a change in tactic. If they truly had a work around that was viable and they were willing to actually implement in their live search why the delays? What I mean is this. They said Vringo can't see the code til May 18. Second their point man is not available for all of May and the first week of June. A company this size has only on person that can speak to this code and he is conveniently delayed a month and a half. You don't see this as somewhat odd?
Then they go on to say that They would like to depose Dr. Becker in July. This is 3 months. How much time does it take to analyze the code and agree/disagree whether it infringes or not? Also if it does not then how much time does Google have to actually implement it. I see this whole situation as a stall/delay strategy for the purpose of extracting a better deal from Vringo/Microsoft. Originally we heard nothing from Google except that they would appeal everything now they have this magic bullet that they know will take months to work through. I don't see it as credible. It also does not change HJJ criteria for ruling. His ruling will still be based on the trial and the post-trial motions.
What are you talking about? Google is infringing right now and they are willfully doing so. Vringo's post trial motions point to that and is the reason they are asking for enhanced royalties of up to 7%. Dr. Becker also indicated willful infringement. I believe what you are referring to is the Laches decision which will be appealed.
Agreed I would add that until Google proves the new system does not infringe Langs patents and implements it they would be liable for rr to Microsoft under this scenario.
You do not address my question. I would like the opinion of one of the lawyers on here about this. They are not going to sue Yahoo since they "power" their search engine through Bing.
So what happens if a final judgement is not entered and Microsoft deals before? Res judicata would not apply would it hypothetically? It would technically not be valid.
First, the party must show that a final judgment on the merits of the case had been entered by a court having jurisdiction over the matter. This means that a final decision in the first lawsuit was based on the factual and legal disputes between the parties rather than a procedural defect, such as the failure to serve the defendant with legal process.
Would you like to cite case law or is it just your opinion?
I am sure she is leaving. If you read these comments: She is staying on till May 15
I suspect she was pushed. If she doesn't go to another company real soon then we have a clue. Also people don't leave these jobs in this economy and she has been with I/P for a while.
I don't play poker but I know a tell is an indication of a persons next move. This is a major tell in my mind. It seems to have come out of the blue but not really. We know for a fact that they are negotiating with Microsoft. The nature of the deal is unknown but this is a fact. We can speculate that perhaps they are looking to acquire another company in the space maybe worlds which has been discussed. This new CFO brings the expertise required based on all that is unknown but likely occurring in the background. Hoping news comes soon so we can see the reason for the hire.
This is why I believe the new CFO was hired..
Previously, she was Vice President, Corporate Finance and Business Development, where she structured M&A transactions and partnerships. Ms. Nyrkovskaya is a Certified Public Accountant. She began her career at KPMG LLP, where she served for nine years in the Audit and Assurance practice.
"I am pleased to welcome Anastasia to the Vringo team," said Andrew D. Perlman, Chief Executive Officer of Vringo. "Anastasia brings international experience, expertise with mergers and acquisitions and broad accounting experience that will support our business model. I thank Ellen for her dedication to Vringo over the years" Mr. Perlman added.
The previous CFO did not have M&A experience and they need that with pending deals ....
Some people don't believe markets are manipulated, which I disagree. For example notice how 90,000 shares were sold 15 minutes before the close and then another 60,000 just before close. This is a continual pattern on this stock and points directly toward the short "cabal". Some might say it is only day traders getting out, that is not true. If it were they would be selling for a loss since the stock closed at the low of the day.
Anyway a good read on the manipulation of a market, GOLD and its' recent plunge can be found here.
http://www.theburningplatform.com/?p=52558