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Again you are wrong in what you post. See my last post as to why big money is flowing into this stock and not just retail. Big money is eating up retail sells and will smile all the way to the bank.
Also, your rants about dilution are foolish at best. The company diluted $55 million worth to cover all possible litigation expenses and are negotiating from a position of strength. They have no need for more cash and will be swimming in it when all is said and done. Their attorneys specialize in patent litigation and their case seems more organized and better presented as most of the critical rulings have been in their favor.
As far as insiders selling, there is a very good reason for it. It's called planned sales via normal option awards. See link for last sale. In that sale, Siegel Seth M exercised 13,333 shares purchased at $1.50 each and sold at market. Shares were exercisable on 04/30/12 which were not exercised until 10/18/12. The expiration date was 10/30/12. If not exercised by then they would he would have lost that opportunity. If you look closely at this document, you will see that Siegel Seth M still holds almost 480,000 shares he has not sold one of them. If you look at the bottom link, you will see that most of the sells are normal scheduled option sales for small amounts of shares. Also notice that the first link put $20K in the company's pocket as the shares had to be purchased at $1.50 a share.
The info you post is always wrong and your fear is showing more and more through your desperate posts. You make accusations without any attached proof and will not counter my posts since all yours are based on falsities and inaccuracies.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204-12-057063%2Etxt&FilePath=%5C2012%5C10%5C19%5C&CoName=VRINGO+INC&FormType=4&RcvdDate=10%2F19%2F2012&pdf=
http://www.nasdaq.com/symbol/vrng/sec-filings
People were hoping for and many were expecting a settlement. When it went to trial, some sold immediately and then a few more every day resulting in a weak share price. That said, the chart shows the SP is at a level of support between $3.85 to the $4 area. It won't take much to drive this up as the decline has been on much lighter volume than the run-up which is how a normal reaction works. Many have their finger on the buy button just waiting. Also, when you see a bid/ask spread of a penny and see trades going off right in the middle of that spread, that usually means a big buyer is being filled with the M&M's willing to take a half penny hit on each trade due to the huge volume of the order. Watching this trade makes me feel somebody in-the-know wants a lot of shares. I'm sure everyone has heard the old saying, "follow the big money."
Everyone of your ranting predictions has failed to emerge to date. Your fear oozes through all of your posts. Your attempt to deliver fear has no effect on this board. What you post is unfounded and mostly untrue. You fail to respond to my posts asking for proof. I hope everyone understands your agenda like I do.
chart indicates we fill $3.65 gap this week
I've looked at the chart and historical prices and I see no gap at $3.65 as you claim. Just another of your false and bias statements. Here are historical prices and the chart, tell us where the gap is.
http://finance.yahoo.com/q/hp?s=VRNG+Historical+Prices
http://stockcharts.com/h-sc/ui?s=VRNG&p=D&b=5&g=0&id=p11100492055
The way I see it, they will only appeal an award that might be considered excessive. They're gonna have bigger fish to fry legally with the FTC after their cans.
We didn't break yesterday's low of $3.76, it does look like there is great support right where we are trading. I see a couple days of consolidation and then a slow move top-side. I am reposting an earlier response to a poster that said the chart looked like more down side that I disagree with unless bad news strikes. I am posting a new chart link showing the great amount of support in the area where we closed. In fact, look and see how the stock closed right on R2 which is acting as support, not resistance. Not saying the stock can't go down more, just saying it is not likely to do so unless bad news hits.
Looking at the chart, I see a lot of support in this area. That support was there from May through August this year. Also, today's drop is on low volume which is normally healthy for a stock trying to consolidate a big move upwards.
We have not set a lower low as yet compared to yesterday's low of $3.76. If that low holds, then we are in a confirmed consolidation phase if we don't break yesterday's high of $4.38. But, if that high is broken, that would suggest a bottom could be in and a reversal in the making.
Looking at the indicators, the MACD is a great indicator for playing longer-term swing trades, but is very unreliable in the shorter-term. Stochastics, CCI and RS indicators are a better short-term gage with a stock like VRNG that is hinging on news. Looking at RS indicator, (see link for chart) it has pulled back to the 50% point. That's what strong stocks do after a hard move. Often-times that presents a buying point. Looking at CCI, it has pulled back to the "0" line which indicates the overbought condition is over. The CCI is a great short-term indicator. Both the CCI and the R/S indicator look like they are just starting to turn up. Now, Stochastics are a good short-term indicator, but lags the CCI and the R/S indicators by a couple days. That said, it has pulled back to the 50% line where strong stocks tend to reverse at that point. Bottom line, this stock has about bottomed if you know how to read a chart. See link.
http://stockcharts.com/h-sc/ui?s=VRNG&p=D&b=5&g=0&id=p17912860061
Didn't you say it would close at $3.60 today? I also think you are BS'ing us about shorting more today. How about cutting and pasting your trades, or better yet, do a screen shot and post all those short shares you claim to have sold. Prove it man, prove it. Your credibility is already extremely low, time for some proof out of you.
Bottom line is this; you are so unsure of your short position you come on this and other boards and try to drive a stake in longs hearts and kill their will to hold. You probably have done some damage to a few, but your fear tactics have reached a peak. No one is listening now, but you can continue to waste your time if your fear doesn't subside.
and the CHART CONFIRMS what THE RAINMAKER is saying IMO
Looking at the chart, I see a lot of support in this area. That support was there from May through August this year. Also, today's drop is on low volume which is normally healthy for a stock trying to consolidate a big move upwards.
We have not set a lower low as yet compared to yesterday's low of $3.76. If that low holds, then we are in a confirmed consolidation phase if we don't break yesterday's high of $4.38. But, if that high is broken, that would suggest a bottom could be in and a reversal in the making.
Looking at the indicators, the MACD is a great indicator for playing longer-term swing trades, but is very unreliable in the shorter-term. Stochastics, CCI and RS indicators are a better short-term gage with a stock like VRNG that is hinging on news. Looking at RS indicator, (see link for chart) it has pulled back to the 50% point. That's what strong stocks do after a hard move. Often-times that presents a buying point. Looking at CCI, it has pulled back to the "0" line which indicates the overbought condition is over. The CCI is a great short-term indicator. Both the CCI and the R/S indicator look like they are just starting to turn up. Now, Stochastics are a good short-term indicator, but lags the CCI and the R/S indicators by a couple days. That said, it has pulled back to the 50% line where strong stocks tend to reverse at that point. Bottom line, this stock has about bottomed if you know how to read a chart. See link.
http://stockcharts.com/h-sc/ui?s=VRNG&p=D&b=5&g=0&id=p85555300616
It would definitely benefit me to be more short minded. The way this market is, shorts have the upper hand. I need to start looking more to the (dark) short side. Watch for spikes and short into them.
GOOG investors should demand an SEC investigation
Insiders knew and were bailing
You should read Jesse Livermore books. He explains that the market is a cash machine for insiders to dump shares before bad news hits and to quietly buy shares or issue themselves low priced options as business improves before the market realizes what's going on. That's why insiders of public company's will always be millionaires. In other words, the game is rigged.
I probably bought your shares, I am in at $27.90, LOL. Not worried though, I averaged down under $27 today. They will probably hold it down until after options expiration tomorrow.
VRNG wants to retest Oct. low of $4.37 it seems to me.
Gap from yesterday's close is now filled. As I posted yesterday, this stock always fills the gap.
Anyone not in yet or that hasn't closed out there short position might want to do so tonight
I don't disagree with you cept to say that this stock has closed every gap so far. Technically speaking, that means this will see $4.66 at some point tomorrow.
Just got back. Anyone know why it's going up A/H? Was there news I missed?
That's what it's acting like.
Most posters are just not getting it. This is a slam dunk. Everything is going the way of VRNG throughout this entire event.
That's exactly what I've saying. I'm in your camp bro.
Luck to you..
I agree with that. But if there was no infringement, the case would be out the door.
It's not an opinion, it's fact. The judge initially looked at all the facts and patent language and ruled to allow VRNG's case. He then ordered a negotiation period to allow GOOG out with a settlement. Therefore, there's no other way to view the judges decision to let the complaint stand. That means the only thing left is how much will VRNG collect. If it goes to jury, VRNG stands to gain huge as they can determine WI since it will be out of the judges hands at that point.
Since vrng can't be awarded triple damages
WI can be rewarded by the jury. You seem very slow to absorb printed information.
By the way, they were options granted that were regularly scheduled. Wouldn't you have cashed in? That's what insiders do, that's part of their compensation package. Don't try and twist it any other way.
I stand behind the fact they have already won. Remember, the judge ruled in favor of VRNG in the beginning and didn't throw the case out like GOOG asked for. The judge agreed there was infringement involved. The only thing left to determine is how much does GOOG pay. VRNG has already won!!
Longs have to decide whether they are willing to lose it all, like I am. Shorts, same for you.
Where are you people coming up with moronic statements like that. VRNG has already won, it's just a matter of how much the award will be. Even if it is at the low end of the spectrum, royalties will make up for what they might lose in damage award. It's all good here for longs. The floor will be the secondary price of $4.35. Everyone, stop listening to the under educated on this board and think for yourselves.
Vringos lawyers blowing WI as Red Angus clearly laid out was a surprise to even the lawyers on this board
What everyone seems to have forgotten is the fact that if VRNG and GOOG go to trial and put this in the hands of the jury, they could and just might rule for willful intent or treble damages. Going to trial could really be in favor of VRNG. The jury can reward whatever they want or think GOOG should pay. The recent news that the justice dept. is investigating GOOG highly favors VRNG. VRNG is the big winner here, GOOG is the one in violation of patent infringement, not VRNG. VRNG HOLDS ALL THE TRUMP CARDS, ALL OF THEM ESPECIALLY IF THEY GO TO TRIAL!
That just goes to show you that people have no idea what they are talking about. I posted an answer to that statement last evening. Search my posts for an explanation of why that won't happen.
Thank you for convincing me to sell everything Monday am. All the signs of a stock to get out of.
So you are one of those guys that base their trades/investments on what others are saying on a message board? That certainly explains a lot.
I usually value all opinions, some more than others. That said, reading your posts just proves beyond any doubt your state of mind and the fear you are facing and possessing. It is so obvious you are trying to strike fear in the hearts of longs. I hate seeing people lose money in the market, that includes you also. The best chance you have of survival in this trade is to cover and go long or buy calls to protect you when this stock rockets.
What I don't understand is how someone with any upper degree of intelligence could short this stock after reading all the evidence and understanding the absolute fact that VRNG holds all the trump cards. To me, going to trial would be heavily weighted in VRNG's favor, doesn't matter if the stock initially sells-off because of it. If that happens, it will recover as others wait for and execute an opening position. VRNG is a $10/$15 stock concealed in a $4 cloak. Say what you want, but fear oozes from you like sweat on a $100 degree day.
He got me too, LOL..
:o)
I don't think they will dilute more, especially if they get a nice kick from GOOG. Why would they? What would be the point? They wouldn't look good doing that. Ain't gonna happen. The last 10 million share offering was necessary, the next one would look like greed and blacken their eyes, both of them.
Google needs to give a very lucrative buyout offer ASAP
As I posted earlier, if GOOG buys VRNG, the price would have to include potential monies from future suits and royalties, meaning GOOG would have to pay what MSFT, YHOO and others stand to lose in a suit. That ain't gonna happen in my opinion. I don't see a buyout happening.
VRNG holds all or at least 3 of the aces and you think GOOG will win? It is not a question of guilt, only of punishment. How on earth can anyone look at all the facts and think what you do? You clearly have not studied this case and the evidence that points guilt towards GOOG. What facts do you base your comments on? I'd love to hear them.
GOOG does not want to go to trial
In case you missed it, that's my point exactly. VRNG holds almost all the trump cards. Why not let GOOG think they are going to trial. That would up the anty and perhaps the award, that's my thought anyway..
Prediction, this never sees the courtroom, settles Monday or Tuesday before they go to trial.
I'm not so sure I agree. With the Govt. now looking into GOOG and VRNG holding almost all the trump cards, why not go to trial? At the very least, make GOOG think that's what you are planning to do. That would surely oil the hinges on the ole GOOG wallet I would think.
Interesting thought, there are so many scenario's that could play out here. It's become way more than just GOOG and VRNG settling. It's become way more than about money. To me, this could be like watching a fine game of chess unfold. Very interesting.
Now, that was really cool. I'd love to sit down and have a conversation with that cat. I'd have to insist on one rule upfront. He wouldn't be allowed to speak over my head, LOL..
why not buy them, get their patents and sue everyone else
Perhaps they have already made an offer of buyout which VRNG has declined. If GOOG offered to buy them, then VRNG knows they gottem by the short-hairs. If I was representing VRNG, my asking price would include full damages against GOOG and a portion of potential revenues from suits against whomever they intend to sue down the road. GOOG would have to understand that they would be paying more than their own damages. It wouldn't make any sense at all for VRNG to sell to GOOG for GOOG damages only, only to lose future damages and royalties.
I could see perhaps a $40 to $50 actual worth buyout price facing GOOG if they wanted to own VRNG. That's why I do not expect to see a buyout but rather a settlement either before or during the trial. No matter what happens in the next few days or next couple of weeks, I think VRNG is going to be worth more than most expect after all is said and done.
The market has factored in only a portion of the Google suit. If VRNG wins, that amount will be instantly factored into share price which I'm sure everyone already understands. That said, if they take down the big whale, then the market will start to slowly price in other suits against company's that VRNG intends to sue as time pases. This could become very interesting.
If you have to ask a message board a question like that, you might as well just flip a coin.