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Ken you said:
"Your animated response tells me that you are either crappin or barfing just like the rest of us."
I am just enjoying the ride. My ridiculous bet that I did yesterday appears that it will pay off although not for the reason that I initially believed. I thought the members of this message board would have driven the price up yesterday like it did today. Who knew that JAGfn would come up with that rumor. I for one am happy they did but my real hope is that it was a rumor that will come true. Until yesterday's information from the great folks in Dallas, I really didn't believe we had any chance of Ericy caving before trial, now I am not so sure.
Barring a settlement, this is playing out very much like I thought it would and have posted many times. We will have major volatility as we approach and enter the trial and that will take the form of up days as well as down. Today's $1.70 rise will be considered small in comparison to the days of the trial where I believe we will be seeing up and down days of $5 and more based on how the testimony appears to be going. Enjoy the ride, it is going to be better than any eticket ride from your childhood. Just take the necessary precautions along the way.
To all:
Please try to keep it civil, we don't need the type of negative attacks that we have been seeing by some very long term and up until recently very respectful and respected posters.
OT Ken (and other sj harrassers) for the sake of the rest of us, unless you are going to provide value to your posts to sjratty, please refrain from posting to him. Nobody on this board owes anyone an explanation of what their motives are. Everyone that is reading this board is trying to learn about IDCC with one goal in mind and that is to make money with their investments.
Using a craps analogy, the great thing about wall street is that you can make money by betting on the come line (going long) or the don't come line (being a short). Why do you care whether someone is a long or short if they are posting intelligent questions and dialogue in order to learn?
You constantly question his motives, what are yours? Please don't waste everyone's time with an answer to that question but please do not jump on him every time he asks a question or posses a different scenario than the one you believe. If you want to jump down my back for this post please do so at cweinell@hotmail.com and not on this board since we don't need to waste everyone's time with this constant harrassing of sj.
By the way, I don't even know him personally but from what I read about him is he is bringing up intelligent dialogue whether or not you agree with him or not. If you don't agree with him or any other member of this board and you can't support it with reasons please just ignore the post and move on.
OT dwwedge0, I wasn't feeling that way this morning when the I had already lost over half my investment based on the bid as of early in the trading day. Amazing what volume of 1.4 million will due to an option that is expiring soon. I sure would love to wake up tomorrow and find out the JAGfn rumor was correct and the stock really exploded but for now I will gladly take a double on yesterday's gamble. The huge payoff will not occur because of a gamble like yesterday it will occur because of the 9 year gamble that I have been taking with IDCC.
maciej this is a repeat of previously disclosed sale. As each news service picks up it appears as if it is a new sale. If you check out the sec site you will see this sale was reported in early Jan. For some reason my link is showing all junk otherwise I would tell you exactly what date it was initially filed. There were 3 filings in Jan, one on 1/2 another on 1/6 and another on 1/8. One of those filings was the award of 2,500 options in accordance with their patent filing bonus plan. Not sure what the other filing was about but it was discussed at length at the time of filing.
OT JK a well earned vacation, thanks for everything that you have done.
Chris
OT: Witchhollow, while I usually enjoy your posts, I don't agree with you on your post about teecee and sjratty. You are saying that as long as you pay the fee you get to use profanity and berate someone privately. That is a load of crap. If you disagree with someone, this board provides the potential for intelligent discussion. It also provides those members willing to pay the fee, the opportunity to use private messages in order to not clutter the board with off topic posts. Hopefully paying the fee does not allow someone to post private email messages that contain profanity and verbal assaults.
When someone stoops to teecees level of name calling and profanity, what purpose does it serve. All should be aware of teecee's lowball, low class tactics of when he doesn't agree with someone. He has shown time and time again extremely low class when dealing with individuals he does not agree with. I can't for the life of me see why so many on this board are so willing to defend him when he loves to belittle people he does not agree with instead of stating why he doesn't agree in an intelligent manner. He must be a highly educated person based on where his career has taken him, but he sure doesn't act like it when he resorts to the type of language that he does time and time again.
Why are so many people on this board unwilling to allow questions about IDCC so others who may not have been around for as long, learn from the rest of us? People please relax and if you don't like what someone says ignore them and don't waste everyone's time with insults and name calling. I know before you say that this message is a waste of everyone's time, I already agree it is, but the fact that so many are bothering to blast sj when it was he that got insulted and berated is ridiculous. Please try to keep it on topic.
OT: Board is quiet compared with the weekend. I guess we are all waiting for Sherlock Jones to report from the courthouse. I wonder what he will see today. Good luck to all.
Today will show how much influence this board has on the price of the stock. I just bought 30 Jan 15 calls due to the positive change in tone of this board and based on jaykay's information. Let's see if this gamble pays off or not.
tarheelcpa, that is exactly my strategy as soon as we get to my exit price. I fully expect us to hit at least $25 sometime before the verdict is read. I have already purchased the calls and I am just waiting but I will definitely sell the shares short when I pull the trigger in order to protect the LT capital gain treatment.
Ronny I am sure you already know how I feel about the letter. SEND IT. Thanks for all your efforts.
Jaykay a world of THANKS. When talking to friends and family about IDCC, one question that comes up often is "where do you get all your information from?" When I tell them much of what I get starts with a message board, they basically shrug off the positive information that I tell them. They do not understand that although the message boards contain a huge amount of trash, they do not want to believe that IDCC message boards are different. Here we have an unbelievably large number of very well educated, informed investors from all major professions that are so willing to give of their time to share information with the rest of us. Although I may not agree with everyone's opinion, I do appreciate everyone sharing their expertise (even you teecee).
You constantly go that extra mile. You could easily have just reviewed the court papers and kept it to yourself, but you didn't. For this and many, many other instances where you have given us your valuable time, THANK YOU SO MUCH.
I have been thinking of flying to Dallas for some of the trial but I don't think I will be able to attend, although I have not totally ruled it out yet. To have you there for us, you provide an invaluable service to us all. I am sure you will not be able to attend the whole trial due to life getting in the way, but whatever time that you are able to attend and report on will be greatly appreciated by all. I continue to look forward to your very detailed reporting. Keep up the great work.
Jaykay, any mention of rates in those draft agreements? Thanks for the update. I hope they don't seal those documents before you get back on Monday. I can't wait to read what else they have in those exhibits. Again thank you very much for sharing what you read.
sjratty, please keep posting. We need to make sure we get the full range of opinions facts etc. from qualified people. Don't let the closed minded on the board stop you from posting what you know or how you feel. This is an open forum to share ideas. This is not some cult that, God forbid you don't tow the party line, you are suddenly a basher and you have ulterior motives.
Not a day goes by, that the people who have jumped you today, these same people post opinions rumors or whatever. Unless it is totally rah rah IDCC, you are branded a short or basher. I for one enjoy your posts and want to get the good information as well as the bad in order to help me make my decisions.
Loop the great thing about your post is that we only have a month to a month and 1/2 to find out if you are correct. I fully agree with this part of your post:
"We all shoud know the risks associated with this stock and the coming trial and we will all deal with them differently."
That being said, on the rest of your post I am in the camp of Alley. I firmly believe we will see added buying pressure going into the trial. Sure many, including me, will be looking for exit points for my stock holdings since I have an equal number of options on my stock, but I firmly believe with the risk reward of this stock there will be many new investors that will be willing to take the gamble that IDCC could make them whole.
Like I said we finally only have weeks to wait instead of the seemingly endless statement and belief of "sometime next year this will be resolved."
I don't think there is any chance of a settlment. I think if there were a settlement after the rights offering Ericy management would be in court again but this time they would be in court personally for misleading its investors and understating its risks. In the propectus they stated they were confident they would win. How could they possible settle now? Sure they lost to Harris but as the propectus stated the cases are unrelated.
Obviously again we will see whether my humble opinion is correct or if the settlement believers are correct. Either way we are in for a wild ride in the next 8 weeks. One month for the trial to start and as management stated the trial should last for about a month. We should know by mid March. Buckle up ladies and gentleman because this is not like any ordinary E ticket ride you remember from your childhood.
Blue I am not suggesting buying Feb or possibly even Mar call options. The reason for this is because the trial wont be over before the Feb options expire and it may not even be over before the Mar options expire. If anyone was going to try to hedge by buying calls, I would suggest looking at the June options. And I also would suggest buying way out of the money June's so your cash outlay is not too much. Look at June 25's or 30's IMHO.
When the price approaches your strike price as I think it will during trial, unload some or all of your shares and hold the options. If we win, exercise the options, if somehow we lose, you got all your cash out by selling the stock.
Let's face it, yesterday and today's stock price stinks. It stinks even more if you are on margin and have leveraged yourself too much. I know I have been a vocal critic (maybe too vocal at times) about our esteemed management but the trial is only 1 month away.
I am ticked at management for their apparent lack of concern but that does not change my firm belief that barring a catastrophe, I firmly believe that we will see twenties next month. Along the way we will be seeing major volatility. That volatility will go both ways, up and unfortunately down. I don't believe we have seen the type of volatility that we are sure to see next month. I think during the trial we will see daily swings of $2, $3 or even $4 per share.
All longs hang in their and use the stock weakness to possibly protect yourself with some options. Options will only get more and more expensive when we get closer to trial. And whatever you do, don't be on margin when the jury returns with a decision. God help you if you are on margin and the unthinkable happens. Anyone who is on margin throughout the whole trial is an even bigger gambler than I am.
By the way teecee, I totally agree with you in your discussion with Datarox. I think the contracts we signed we signed out of survival and a lawyer will easily be able to show that to the jury. Had Ericy not infringed along the way we then could have held firm to a more reasonable rate. If those contracts were not signed it would have spelled the end of IDCC which is what Ericy was banking on. They never thought after the European court decision that the Asians would come calling with their checkbook.
Blue, his trading experience is in bonds. Stocks are a different animal.
teecee your post makes no sense. you said: "and he wants to buy as cheap as he can." If he wanted to buy as cheap as he could he wouldn't be paying the going price when someone wanted out of 220,000 shares. That amount to a huge percentage of yesterday's volume. You know what, I should just stop trying to enlighten you. You are even more closed minded than I am.
teecee don't you think that if it were a seller of 100k and 120k shares, it would drop the price dramatically on the trade? We have price drops of $.25 or more on 1,000 share trades. Trades that size would have made the price plummet. Why would the buyer pay the current price for the stock unless it was between 2 funds of the same family? I don't agree that the price action screams of a seller. If a seller wanted out, the price would have plummeted on the sale.
Hey IDCC Management why not sell some more. The shorts and buyers need the price to drop even lower. Let's have another F4 filed today with more tomorrow so people with cash can continue to load up. Why bother considering shareholders in your decision making. Let's have a sale reported by management every day.
teecee isn't it possible that the 120k trade at the end of the day along with the 100k tade at the beginning of the day were just trades between mutual funds of the same fund family? Nothing more than reshuffling within a fund family IMHO.
Re Samsung article, Miller said:
"The issue is resolved," said Merritt. "We know the terms under which we'll see revenue from Samsung.
IMHO the issue is still not resolved. I guess this is Clinton type speak for what is is.
The issue will be resolved when the rate agreement is arrived at with Nokia not before. Sure now we know under what conditions we will see revenue, but do we have any clue as to how much that revenue will be or even if there definitely will be any revenue? Until we know what the rate is and for that matter that there is definitely is a rate, the issue is far from resolved.
I knew management would be taking credit for resolving this long standing patent dispute which means they reached one of their goals, although I don't think they have yet.
Danny you are missing one thing. The SEC and the accounting industry in its rules is not assuming that you will swing from a loss in one year to a profit in the next. They want each period to stand on its own and show the most conservative figure. For losses the most conservative figure is to exclude the options which produces a larger loss per share. In a profit scenario they do not want you misleading the investors by not including in the money exercisable options. To me it makes sense when you think it all the way through but you are correct that it sounds as if you are comparing apples to oranges.
Art you are so closed minded. As Maddog pointed out from my post I said most companies do it. Just because most do it does not make it right. It is time that shareholders tell management they are not going to take it anymore.
Shareholders like you will continue taking it because you like to think the horse manure you stepped in is not crap, that it is fertilizer. Well sometimes it really is what it seems and that is crap.
Management of IDCC as well as many other publicly traded companies have been feeding at the trough due to the misconception by uninformed shareholders that options are free. OPTIONS ARE NOT FREE. THEY ARE GOING TO COST US A TON.
Art I am done trying to reason with you because you don't want to see the facts that have been presented. You read what you want to and ignore the rest. That is great for you until one day you wake up and start moaning why didn't anyone tell me this was going on.
OT: Art read the end of my earlier post and you will find the answer to your question.
teecee the 54 million fully diluted figure does not count options even in the money if IDCC reports a loss. The reason for this is because it would have the effect of reducing the loss per share.
For example (the income figures are for illustration purposes only):
Let's say IDCC has a loss of $5.4 million for the year 2002. At the end of the year the 10 million options that are outstanding are on average in the money since the weighted average strike price is around $10 and the year end price was $15.
What IDCC will report is that the fully diluted shares outstanding will not include those options that are in the money due to the reduction of loss per share. They will show a fully diluted loss per share of $.10 on a $5.4 million loss (loss divided by 54 million shares). If the 10 million options that are in the money were to be included in the earnings per share calculation the fully diluted loss per share would only be $.08 per share (loss divided by 64 million shares). The SEC does not allow you to include options if it has the effect of lowering your loss per share.
Profits are another story. If IDCC were to make $5.4 million instead of a loss, then the fully diluted EPS would include the in the money options and the net income would then be $.08 per share instead of $.10 per share. I hope this helps you to understand what fully diluted shares outstanding actually means because you are posting misinformation. With the industry you are in, you should be able to understand this if you try.
Ronny thanks for the response. It is unfortunate that many stockholders do not understand the cost of options, or if they do understand the true cost, they choose to bury their head in the sand as if this is not a serious issue. Until the masses understand and get KOP to hear them, things will not change. From the fact that most choose to ignore our message, it seems we are fighting a losing battle to inform the average investor in IDCC. I appreciate all you do. Hopefully all the non-believers open thier minds to the fact that options hurt shareholders.
For start ups and those companies without cash, it is a great way to attract and retain talent. IDCC is not in that situation and there is no reason for them to continue doling out huge option grants every year. By granting options each and every year it has the exact opposite effect that it is supposed to have. It causes massive insider selling which as you pointed is a negative on the short term price of the stock.
The original theory behind options is that they align the long term goals of shareholders with those in management. Well if management knows they are going to continually receive more and more options they no longer have a long term horizon to thier ownership. Management now believes that they might as well sell today since they know they are going to receive more options tomorrow.
IMHO stock options are an experiment gone bad due to greed. Obviously IDCC management is not the only company to succum to this greed but to me it is the only one that matters due to the huge investment I have in it. Hopefully your post opens some eyes and minds to the true cost of this no cost compensation.
OT: teecee, you can put me out of your misery by not reading any of my posts, its that simple. I am posting how I feel just like you do. I don't always agree with you, but I also don't resort to putting you down because I don't agree with you as you always seem to stoop to. Yes I do start using some put downs, but only when provoked.
Like I said if you don't like my posts don't read them. If you read them and disagree, by all means point out why I am wrong. But if the facts support me, take your head out of the sand (or whereever it is) and open your mind to the possibility that maybe your could be wrong and not fully grasp a situation when it is presented to you.
Witchhollow the one fact that you either you don't know about or refuse to admit that it costs us in the long run is the number of shares you pointed out leaves out one huge fact. You said:
What was the cost to us shareholders for that plan? I think we have gone from 48 million shares or so in the semi-late 90's to the 54 million that are outstanding now!! WOW, what a slam and crime to the shareholders, right????
What about the 10 million shares, that's right TEN MILLION SHARES that are exercisable under the stock option plan that are not counted in the 54 million share figure in your post. So while the outstanding shares went from something like 48 million to ... the "to" figure will be more like 64 million when the 10 million options that were granted in only a 2 year period are exercised. The average exercise price according to the proxy statement is about $9-11 I think. So yes I am one of those that is still very ticked off at management for diluting OUR ownership. In a 2 year period to the tune of a 20% dilution.
You may not think that is a lot but consider this: If we do reach the promised land and the stock explodes like we think it should, instead of $100 per share you would only get $80. Maybe $20 per share multiplied by the well over 50 million shares outstanding is not a lot in your world but it is in mine. That my friend is a potential billion dollar compensation plan. Our esteemed management is not worth anywhere near that type of compensation when they are already paid in cash a very sizable salary for the current size of the company.
You may look at recent financial statements and say my figures are wrong because they show a fully diluted number of shares outstanding, but if you read them closely, when there are options outstanding that would reduce the loss per share, they are not counted in the fully diluted number of shares outstanding. The SEC does not want you using the options in the fully diluted number of shares outstanding if it will appear as if it is hiding or reducing a loss per share. Now when IDCC reports net income, the options that are exercisable will then be included in the fully diluted number of shares outstanding because then it paints a truer picture of what will happen when the underlying options are exercised.
Sorry this was also a venting post and I don't believe management had any right to hand out so many options.
Bill the question that is unanswered by your explanation is why are they selling now? They have had this same "obligation" to their families for the past 5 years but are choosing now to sell. WHY? And if they wanted to diversify, why didn't they include all these discretionary sales in the planned sale?
It is just really annoying that management adopted the planned sale then put out a press release explaining the sales several months ago to have it continue now with the trial looming. As many past examples have shown with our esteemed management, it us just disregard for the shareholders as management is enriching themselves without any regard to the investors who have put up hard earned dollars into this. They show that they don't care about how it looks to the street. Shareholders are a nuissance to management.
Dish if past history is any guide he will probably own a boatload more today since management achieved 1 or 2 of their stated goals last year. I don't want to get started on the excessive number of options management has.
Teecee I hope you are right and the selling is done. I don't know why you would think that the recent wave of insider selling is a non issue. To the uninformed investor it looks like management is bailing before the trial. Especially coupled with the fact that the reported number of remaining shares owned after the sale is so low. I understand fully that management has huge upside potential due to their options but how many potential new investors are going to bother digging for that information. They could get turned off before ever realizing it based on the filings. We need new investors to drive us up.
As far as appearances, it sure would have looked better had all the selling taken place at the same time. It could have been explained with a press release as they did a few months ago. For management to have a filing of a new sale almost weekly helps to take the wind out of our sails and kills our near term momentum. Since the report was filed the stock has dropped while the market is still up a lot.
When are insiders going to be done selling? I thought they approved a plan that allowed them to sell during last year. When is the selling going to stop. I sure wish they would have done it all at once so we wouldn't keep having more filings every week about another insider selling. Lemmo just sold 10,000 shares last week. Hey management are you listening, please stop selling until after the trial or until you have at least reported that you have achieved one of your big goals.[/]
Ronny and all. I just sent this to David Pringle at the WSJ. I hope he thinks IDCC is worth a follow up.
Hi David:
I wrote to you almost 2 months ago concering your article on InterDigital Communications (IDCC) in the online edition. With the upcoming trial between Ericy & IDCC scheduled to start on 2/10/03, I was hoping you could do a follow-up article. Below is a link to the Ericsson 2002 Rights Offering Prospectus. If you go to page 15 (which shows up as 18 in adobe) you will see the paragraph shown below which details Ericy's 2 significant lawsuits. Now that one of the trials mentioned in the prospectus is over (the Harris trial) which Ericy lost, what do you think Ericy's chances are of winning the other trial which concerns IDCC. In the Harris trial, Harris was awarded $62 million for Ericy's willful infringement which can be double or tripled by the judge.
Another thing for you to consider is the fact that just recently the judge who has been presiding over the IDCC case for the past 9 plus years just transferred the case to the same judge that presided over the Harris case and is now charged with deciding whether or not to award punitive damages for Ericy's willful infringement. The final motions are due to be filed with the court concerning the Harris case on Jan 6 so by the start of the IDCC trial, the judge may rule on the Harris motion for enhanced damages.
According to the rights offering, Ericy was certain they would prevail in both cases. Well so far they are batting .000 and I fully believe that will be the same after the IDCC case is decided upon. Obviously I have a vested interest in IDCC since I have been a longtime shareholder since 1994. I do think that readers of the Wall Street Journal would love to find out about the potential that IDCC has to offer. The trial is just one aspect of IDCC's potential. IDCC has almost $100 million in cash and no debt. It has increased its cash position for the past 4 years and would have last year also had NEC paid its obligation timely which you can read about in a recent SEC filing and a press release by the company. How many other tech companies can report such a sound balance sheet while over the last 3 years doubling its engineering staff? Its increase in cash was the result of operations and not stock offering.
Anyway here is the referenced pararagraph from Ericy's rights offering concerning their litigation exposure:
"Like other companies operating in the telecommunications industry, because our products comprise complex technology, we experience litigation regarding patent and other intellectual property rights. Third parties have asserted, and in the future may assert, claims against us alleging that we infringe their intellectual property rights. If we do not succeed in any such litigation, we could be required to expend significant resources to pay damages, develop non-infringing products/technology or to obtain licenses to the products/technology which is the subject of such litigation. However, we cannot be certain that any such licenses, if available at all, will be available to us on commercially reasonable terms. Also, defending these claims may be expensive and divert the efforts of our management and technical personnel. In particular, we are currently party to two unrelated lawsuits where plaintiffs allege that we have infringed one or more of their U.S. patents through our sales of certain GSM and TDMA products in the United States. While we are confident that we will prevail in each of these two lawsuits, there can be no assurances thereof. If we do not prevail, we may have to expend significant resources to pay damages and we could be enjoined in the United States from selling any products found to infringe unless we either modify those products or obtain licenses to the patents found to be valid and infringed."
Thank you for your consideration and I hope to decide IDCC and its upcoming trial is a compelling story for your research. Based on the fact that Harris was awarded $62 million for a 2 year infringement, the award to IDCC for many more years of infringement could be staggering. The award alone could be more than the current market cap of IDCC. With a positive verdict, Nokia and Samsung will then be obligated to pay royalties which accrue beginning 1/1/02. For 2002 alone the amount owed by Nokia and Samsung alone could be about $200 million. That would flow directly to the bottom line of IDCC whose stock currently at $16.06 could easily hit triple digits.
Thanks again and if you have any questions feel free to call me at xxxxx or on my cell at xxxx.
Your truly
Chris Weinell
Ronny found the prospectus. You have to love Google. I typed in Erricson prospectus and it returned a message do you mean Ericsson prospectus? Clicked yes and up came the link for the 2002 prospectus. Here is the link for anyone who is interested. The lawsuit reference is on page 15 of the prospectus which shows as page 18of222 in adobe.
http://www.ericsson.com/investors/docs/us_prospectus.pdf
The main reason why I wanted this is to forward the link on to David Pringle of the WSJ who recently did an article on IDCC in the online edition. Hopefully it spurs some further interest and articles.
Ronny do you have a link to the Ericy rights prospectus? I want to forward the link on to someone to point out the litigation section. Thanks.
Jim what are you going to do with your $1,000 prize money that you are sure to win? Buy some IDCC options? You keep gaining ground on your nearest competitor and you have only been on the Ihub board for 2 days. Good luck!!!! You are finally getting a little compensation for all the work you have done for the IDCC faithful. Hopefully you will be getting an even bigger reward in the coming weeks and months when IDCC explodes.
For those that don't know about the membership drive contest here are the standings:
http://www.investorshub.com/boards/mdc.asp
Question: Will IDCC receive royalties on the phones being sold by HOPON from today's announcement? According to the IDCC/Hopon press release:
Under the agreement, ITC has granted Hop-On a worldwide, non-exclusive license under InterDigital's patents to develop, manufacture and sell wireless devices built to Second Generation (2G and 2.5G) TDMA standards, including IS-54/136, GSM, GPRS, EDGE and others; and all Third Generation (3G) standards, including FDD and TDD for WCDMA, TD-SCDMA, and CDMA2000. Under the terms of the agreement, ITC will receive a royalty on each licensed product sold by Hop-On.
According to today's Hopon release:
today announced that it would begin distribution of the Company's 800 MHz disposable/recyclable CDMA cell phones in the Midwest U.S
Is Hopon paying for CDMA phone sales if not 3g? The IDCC press release does not say that we will get royalties on CDMA products. Just curious.
Alley thanks for the post. Even though I don't fully buy into the TA analysis, I do enjoy reading your posts. Although I don't fully agree with TA, since others do, it does influence the price of a stock short term. Long term the only thing that I believe influences a stock is the underlying fundamentals of the company.
Short term the fundamentals are not going to drive the price of IDCC. We all know that short term the speculation of the outcome of Ericy will drive the stock. This speculation will be based on rumors hype and hope. The rumors and hype will be word of imminent settlement. I personally don't think we will see a settlement until after a jury verdict. Then Ericy will really need to settle.
My hope is that some major business publications start to write some articles on IDCC and the Ericy litigation. A front page story in the WSJ would propel the price several dollars the first day if done properly.
Since August I began saying that the price of IDCC would rise in January and February soley based on the trial speculation. The December retrentchment in my opinion was healthy for IDCC and not a negative. I firmly believe we will see $20 by the end of January if not sooner and at least $25 during the trial with significant volatility along the way. This is soley based on my many years of owning IDCC and a gut feeling.
Back in August when I first posted my option strategy of buying Mar 15 calls for $.45 and $.50 when the stock was under $7, some said I was crazy and we would not see $15 by March. We sure hit $15 even before I ever thought we would. Due to the heavy buying in Oct & Nov, I fully expect to see mid twenties by trial and have increased my price projections and own personal strategy accordingly.
There are still many times more people that do not own IDCC or even know about IDCC than there are investors in IDCC. When the masses find out about the potential of IDCC in the coming weeks we should see a buying frenzy. My guess is the big boys bought in early, meaning Oct & Nov, and the little guys will start to hear about IDCC and buy in soon. Word has to start spreading on the street. Wall street is a huge gambling hall. When the average retail broker starts to hear about the 5 and 10 bagger potential of IDCC in the coming weeks/months they will be getting their clients into it (after they have loaded up their own accounts of course). We don't need many new investors to start buying to drive the stock up. I believe shares are going to become harder and harder to get in the coming weeks.
I know this post contains nothing new but I felt I had to post what I am feeling today. After the last 2 days rise I am feeling like I see the future and the future is good. If I was any more confident in my ability I would be buying on margin. I am not that crazy at this point. Come the end of January if my predictions are on target I am going to kick myself for not buying a boatload more options. The next couple of weeks is going to be a wild ride. Out in Tucson at the end of February is Rodeo week. By then it will feel like we have all been on a wild ride of our own. Have fun and don't lose sight of your goals.