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Ipitty... I have hung around stock MB's for over 12 years. I still have no idea why a post such as this one has any value to anyone. Especially to the writer of said post. If your looking to increase your credibility, beating up on others when they are down is the worst way to do it.
The actual posting comes 8-9 days after the date. 6/15 is not posted yet.
http://www.nasdaq.com/symbol/vrng/short-interest
Looks to be some early positioning for what we hope will be the "denied" speach by HJJ. That will set the stage for a daily increase on the back of more short covering IMO.
Short interest comes out today doesn't it?
Yeah the whole market is getting killed right now.
It sounds great! It needs to be kicked off early next week with this word: "Denied".
Guess I took your comment wrong. Yes I most certainly agree with how these tend to be very volatile.
Gltu
Lets not rub salt in. Try and be helpful please. I'm sure you have dealt with similar situations if you've been trading very long. Unexpected events show up all the time especially in sub-dollar land.
Thanks
I never said it was obvious or even that it is an error.
I said that there is no public info as to whether S&G was ready for this. Therefore we have to wait and see.
Not trying to be confrontational at all here. I understand your conviction as you have well researched this. My personal opinions mean nothing it comes down to the law as it is written and the most important part is how the courts interpret it.
My personal opinion is that S&G will have an answer to this. They seem to be extremely good at what they do.
Time will tell, I for one hope you are right! I'm on your side cause there is a ton of money to be made here.
I respect your input spanky but to call this a non-event when the sentiment changes is incorrect.
Then you say this is how you make dough.
When the price changes significantly it is because the sentiment has changed. This is an event in these type plays. Yes you are correct this is when you can make the most dough. But you either play the events or just buy the dips. Both are credible strategies if you have a strong conviction on the outcome.
However why not make some dough on the way? Yes I thought as everyone else did that the floor was .38. That there would be a run-up to the markman on the 27th. That it was a very strong case, etc. But let's not ignore that patent plays are extremely volatile by nature. The environment has changed.
Patent validity is by far the largest event. As questions and doubt creep in the risk increases and the stock reflects it.
I would never say you are wrong without a final decision by the courts. S&G may be ready for this. But as far as public knowledge as to what they knew/know or have up their sleeve is not available as far as I know. If you have it please share.
We will all have a better idea when they respond. I highly doubt it is over we will see. An outstanding response by WDDD will send this flying after it settles down.
My hope is that everyone makes dough in the end.
Lets see if rabbits can pulled out by S&G. Or if this was overlooked.
I learned on another patent play that this is how make money on these type plays. It's the fear/confidence risk/reward throughout the process. Unless something kills it dead in it tracks it will move up/down dramatically with the events.
From now on I will not hold a position unless the price overreacts to an event. There seems to be a lot of "Out of left field" events that happen.
Depends on short covering. I don't know if an immediate jump above 4$ will happen.
The 50 day held today with a small dip below. The market turned negative at the same time it dipped below. So IMO the story is yet to be told as to if it will prove to be support. Just a guess but if the 50-day fails I'd bet on $38.
If you don't mind can I ask where your getting the 40.40 from? I noticed you called it a while back also. Inquiring minds wanna know lol.
Thanks for the info!
So there is a significant bearish bet going on in the options. Or they are just increasing the insurance against a position they hold.
The biggest positions look to be between 2.50 and 3.50 on the put side.
I could be reading it wrong.
See the problem is 99.9% of all people would not come to a MB and consistently dog a stock without an agenda. Some may give an opinion but then move on.
You don't like it we all know that. You have made your case why do you not just move on?
When it comes to options I don't really pay attention.
Are they saying the put calls are bullish or not?
Appreciate it, I'm a little old school lol.
Ya we are very well on our way to the way it seems most patent play stocks do.
Move exaggeratedly with every article and every pacer.
That is a great thing. Lots of money to be made along the way.
When/ if the judge denies ill be Adding. Would expect a slow daily increase from that point on. Just like the one we saw before. But he may finish it in one swoop. In that case I'd have to chase.
Looks like it might bounce nicely up a dollar now in just a couple minutes but will it hold?
50-day 42.67
Not exactly.
People sold today off the delay. IMO pre-markman pop holders that where planning to sell on the initial pop anyways.
But this timing issue now involves the financing and the A/S and the R/S fears. Which increases risk. More risk and more time leads to selling in patent land.
As far as the markman and litigation nothing has changed. Still strong case IMO.
It's a conjunction of events.
The delay opened up the possibility of financiers now lowering the sp to gain increased share count as the price drops.
Some believe that iroqious will now continue to drive the price down. Others not so negative believe it would be in their best interest considering the possible huge gain after markman/settlement/litigation to just convert the financing at .35 and hold the shares.
Now with the toxic financing falling before the markman there is a slight chance that the company will have to dilute with the increase in A/S and may trigger the company to do an R/S earlier.
There is no way to be for sure on any of these issues as they are issues that can not be predicted. But many will try...watch.
The fact of the matter is...Delays cause selling, bad financing is detrimental to the stock price.
In patent plays I've come to find that stability in the stock price is unusual as it sways with the direction of sentiment. Playing the moves up and down can be more profitable than holding that stock long term. The winds change quite often with over the top responses to any news.
All depends on the risk/reward but it's the time frame for that risk/reward that causes the most damage.
Here today we saw the risk increase along with the time frame which resulted in the drop. Wouldn't be surprised to see it continue through tomorrow morning before stabalizing.
There where IMO a lot of people in for the pre-markman run-up planning on taking a good chunk off the table before July 15th the shareholder meeting to ratify the R/S and A/S. Those have or will exit the stock.
That stock should have taught many a lesson. Which can be used here.
Patent plays:
Nothing is 100%. Even when the jury verdict comes in.
You have to play the events along the way or just ignore the noise.
No matter how much DD you do you don't know everything.
Don't rely on others (especially on a MB) for your best interest.
Keep your emotions at bay when making a decision.
It's your money, blaming others is still your fault, you believed them.
The R/S now bothers me. It didn't before the delay but it is an increasing factor to be weighed. I don't care about the increase in A/S.
In the end WDDD will most likely prevail. Shareholders will be rewarded IMO. Till then the games will continue. Play along or don't, your money, your choice.
So your opinion is this:
Iroquois will convert @ .35 then drive the price to .23 at which time the company will do R/S?
Just asking
Yep it all sucks. This is may not be pinky land but it is penny land. Their are so many willing to screw over another just for a buck. That's why I quit these under dollar stocks 10 years ago. But I really liked the prospects of WDDD (still do).
Gonna let this one sort itself out for now. Looks like it wants to come back a little. But if joe is correct it will most likely fall even farther.
Gltu
Mb's are so funny sometimes.
Eyes on the prize please.
$8-$10 seems crazy right now @ .41.
But could be a stupendous run this year.
Another day or so of this and it will be right there!
Lol you know what his point is.
As long as it stays inside or above the 10 cent range we've been in I'm not sure why everyone is whining.
Still a big catalyst on the horizon.
Accumulate on short term support and look toward longer term strengths of this patent play.
Gltu
You can short a stock you own to buy to cover at lower prices. This indeed is a strategy used to accumulate shares at a lower price.
If this is what is occurring I have no clue but it is a legitimate strategy.
I do agree with your analysis about creating the perfect storm with the timing as you say. Very intelligent thought process.
By design... I doubt it (you never mentioned it be being designed/timed to happened this way). Glad, that would have dis credited your thesis.
It's very hard to have a credible theory when it comes to why this seems to be taking an extended amount of time. All parties are being extremely tight lipped. I would expect nothing less though seeing as how much is at stake. Really at this point being prepared for any number of outcomes is the best we shareholders can do. I highly doubt any info will be leaked before they or HJJ are ready.
VRNG hopefully has other big announcements to make when the dust settles. I don't personally think this company is a one trick pony. I plan on playing this one a few more times over the next couple of years.
I appreciated your input Tob, you bring credibility and better understanding to the board.
Thanks
I couldn't agree more! The company is taking the bull by the horns and running with it.
Really don't see it dipping below $40 again. At the worst case scenario 37-38 in a major over all market correction of 7-10%. Only reason would be, this is a stock liked by shorts and swing traders for its volume and price swings.
GLTU
50-day is climbing fast. If it out paces the pps and gets trapped between the 200-50 day again look out it should explode off the 200-day. More than likely it will bounce off the 50-day nicely when it catches up to the pps.
All tech analysis of course. Any outside catalyst could blow that out of the water.
I would agree if your not in now is the time. Should see a nice upward trend from now till the 27th. And a really nice pop if the markman is portrayed as very positive.
Go WDDD!!!!
Not necessarily this guy (as he explained) has been bullish then turned around and shorted on those that follow him.
He just like most uses his followers to make money. Then has the gall to ask money for his opinions.
Don't be fooled he is out for his own personal gain.
Good, just need to get this goobage fiasco out of the way.
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June 13, 2013 12:14 am
Representative adds to concerns over Herbalife
By Dan McCrum in New York
http://www.ft.com/cms/s/0/294a9354-d3a6-11e2-95d4-00144feab7de.html#axzz2W3MRDekF
Buy buy the time is near!!!
Tob,
The reason is that Interactive Brokers shows 850,000 shares available to short