Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There is one thing I noticed today that is worth noting. At 3:22:20 seconds the stock was at 2.77 at 3:22;52 on a chunk of buys it went to 2.87. On the surface this tells me it is wrapped very tight. When the run begins and we break that 2.98 it is going to be fun to watch. The other thing I noticed was this was the first time I actually saw 5 MMs get in the game. Not that there was real big volume outside of EDGX and NASD but AMEX was hitting hard and messing with EDGX on the Sell side in the 2.94-2.98 range. AMEX was also the biggest MM on buy side after EDGX. I think the bigger swing in movement was caused by EDGX having to move around others for the first time. I too am looking for Thursday to see what we have.
Thought I was going to get PI'd today on prediction. Noler-daily charters dream my friend. LOL
EDGX moved to 2.99 with that big chunk.
There is your little gap-
None
I just think this thing is trading normally with a little better volume today. I to see an official PR on Thursday after hours stating merger approved. I guarantee you I will call at 4:35 for results either way. LOL
BT
I believe the "retail" types are already in. Any large traders and companies that can buy big would probably stand back. They trade on factual data for the most part and even though everyone else knows what would happen to DSS, rest assured the big trading will hit "after" the fact. Of course the gamblers will get in just before vote and roll the dice. If this was a pink we would see ungodly volatility for sure. I really haven't looked a ton at L2 but tomorrow will tell if it was the covering that needed to happen in the normal course of events. I just haven't seen any real big trades one way or another.
Agreed.
If you recall a poster stated last week that the MMs would have to take this back down again at least one more time before PPS could get momo to break through. Hummm Hopefully there is a limit to that taking down point! LOL
Trades
Just had a chance to look at activity on DSS. The "Ax" (EDGX) has set the line in the sand at 2.95. He also has been buying the majority at 2.85-2.86 range. AMEX has finally come in to tweak EDGX a bit in that 2.95 range but they look to be big player at 2.98 level. Setting up for the 2.88-2.92 range close. However, they always have some crazy moves in last 5 minutes but trading has set up for that range today. Charts would verify this. Its all up to Ax to decide what they want to be at. This may be setting up for after merger run. I thought Tu-We were the real days to decide movement, so lets see. The fact of the matter for those who do not use TA is that there is no large scale buying or selling and that may be indicative of the pre-merge uncertainty on vote. JMHO.
Last point for Sunday Rants!
There should be no doubt by any DSS investor/trader. This company is about to be controlled by 5 entities; Hudson-Honig-IpNav-Iroquois-Frost. (These are the entities that own LTG) If you recall Lexington will get 5 seats of the 9 seat board. See any correlation? They absolutely are making a lot of money in this merger transaction and I believe they plan on making a lot more. Each one of these entities also is receiving part of the 7.1M Escrow which will eventually be worth $5/share in the next 12 months. (Hudson's portion alone would be worth over $9.3M) None of these companies are manufacturing types and I am hard pressed to find a compelling reason that those divisions will be around for long. (Long means down the road at some undefined point). This company should have a lot of legs over the next year. GLTA
Very Interesting:
"The aim is that within a year DSS will be managing between
seven and 10 investments, so providing the diversified offering that Ronaldi and Hardigan hope will deliver sustained success and a strong level of shareholder comfort."
Best article written about hybrid reverse merger and who is going to be in charge. I wish this was the quality article SA authors would write.
http://lex-tg.com/data/Unsorted/NPE_and_operating_company_to_merge_in_new-style_structure_that_could_suit_changing_times_-_Blog_-_IAM_Magazine-71892-1.pdf
Shorts:
Remember, Shorts are no different than Longs. They have to purchase their shares on the market. DSS is a very tightly traded stock, it takes an average of about 11 minutes to execute a trade right now. During low volume it is a pain because they have not been able to instigate sales as most "would appear" to be buying and holding. Remember, a good short trader ALWAYS has hedges against losses. The reason that DSS has so much movement in last ten minutes is that MMs have to balance their books. What I have noticed is a lot of trading between MMs. You can generally tell by trades that are at those oddball numbers. 2.9871 etc. I am not saying there isn't naked shorting and shady stuff going on but I believe that most of it occurs in OTCBB. Why would I take a flier if I was a shorter? If the merger was not to go through they would kill the old DSS and make a lot of money. In their eyes it is like betting red or black on the roulette wheel. Once again, take a look at every other IP play and the short percentage is 25% range and have twice the float. Once merger is complete then we have even smaller percentage of short (5% range). I know I sound like a broken record but volume will dictate the real movement and direction. The bottom line is the shorts have no one that is buying below 2.88 right now so they are in no mans land. JMO
Random Thoughts:
1. As of 7/1/2013 DSS is officially going to be a company with a profitable bottom line. (Cash available vs debt)
2. There will only be approx 45M shares in the float (less the 7.1M in escrow) which is lowest in IP sector except MGT.
3. The short will be in the 5% range or less after merger. Again lowest in the sector.
4. The stock is not all over message boards and being pumped incessantly.
5. Top of the industry legal, finance and management teams.
6. Price has stayed in a range for past month prior to merger sans wild fluctuations.
7. 6% institutional ownership prior to merger.
8. Licensing agreement with 2/5 Bascom patents cases. (Revenue)
*Now these are facts. As you can see, there is nothing here regarding pending litigation, Markman hearings, billion dollar settlements etc.
What I am interested in:
1. Potential acquisitions regarding comments at Riley conference.
2. Hopefully spinning off the packaging/printing side of the business (My comment-nothing anywhere else)
3. Increased institutional participation.
4. How will DSS present themselves to the street post merger. (IP -centric, product-centric or mixture etc.) I think this is yet to be told.
Now unlike most IP plays I have saved litigation for last. Right now 3 irons in the fire, coupons.com-Virtual Agility-Bascom. It appears Bascom patents are furthest down the road with two current settlements. It is also great to have the Markman hearing date set. Although I understand this area can have the greatest effect on PPS I also like the fact that this company does not rely solely on one lawsuit for its existence.
As we head into this week I believe the story is about to be written. No hype just the facts. Good luck to all who own as many of you have been in this stock much longer than me.
Newbies: Follow the guys who moderate the board plus some of the other "factual" posters. It will be easy to recognize them. When it comes time to make a decision to sell or hold-GET OFF MB's! and don't make any decision based on them. Always take profit when you can and build a position that way vs chasing a stock all over the board.
CHP
Every TA guy has their own tools they use. One of the EMA's I use in my TA is the 8 Day EMA. It has tested that every day this week. Today it is at 2.86. Basically all the SMAs are not in play right now. I use Bollinger, Ichimoku and SMA-EMA to name a few. Right now it is just in a sideways pattern and thats the best I have for you. On L2 the big axe is EDGX. They seem to set the walls from what I periodically see but I am sure there are others that watch more L2 than I do. Probably didn't help much but thats all I have right now.
I am assuming this is just telling parties that they will adhere to current schedule?
ORDER granting 95 Motion Re: Administrative Motion to Maintain Coordinated Schedule For Related Cases signed by Judge Illston on 5/10/13 (tfS, COURT STAFF) (Filed on 5/14/2013)
Bascom V. LNKD
PI-You know better-LOL.
The MMs are keeping this in a very tight range. Nothing sinister just easy for them to do when volume is low. What is good is that they have not been able to take it back down since end of May on low volume days like before. Buyers stepped in at 2.88 two days ago, 2.93 yesterday and they were stepping in at 2.95 today. That 3.00 is going to be a battle unless volume hits and then this thing has very little resistance above 3.05. I am ecstatic that we have creeped up like this during the week prior to merger. By keeping all that volatility out we have built a very very strong base. Sometime next week we are going to see the real bump IMO. Have no idea what that will be and personally don't want to jinx us.
Never said I was smart! LOL
I never worried about that $5 level. If you look at all the different levels in that $4-$4.80 where options hit then it will be a slog. It appears on the surface that the company is trying to take the tact they want defendants to license and that is what is critical to their model. To me NOVELL is the real testing ground. This is where the legal guys will earn their pay IMO. Once again, the fact that the PPS has increased 7% in 8 trading days is unbelievable. Thats with really no news, and no traders active. I am going to change my moniker to VOLUME. LOL Thats all we need for 3-4 days and everyone will be handsomely rewarded. (Depending on your trading strategy).
Me thinks someone hit Market Order. However, lets see if there is any buying early. The MMs had a hard time trying to buy shares at 2.90 in that last hour. That 12K order at the BID had to come sooner or later because they weren't evening the tape for a long time. The MMs had accumulated IMO a lot of shares in that 2.75-2.82 range. They have had to tap that pretty good for the past couple of days but like you said, it still shows green at end of day!
Bulls are fighting like Joe Frazier (Sorry to date myself) at 2.92.
L-II
This is actually a rare day I can watch some L-II. Although I really don't think it can give you real specifics you can watch trends as it moves through trades. They will kill this thing to keep it under 2.93. LOL Every time this thing inches up a notch with buys you can guarantee that 100 share BID will hit it. LOL The one thing I am also happy at is this is not a heavily shorted stock. It may get that way later but right now trading is clean.
My opinion is we are below $3/share because we have low volume. There is much more buying today at this low volume than I have seen in the past but we need consistent days of 400K and above for bigger moves, However, even with low volume DSS has exhibited support and since the first trading day in June trended completely up. I personally am waiting for the gap down that the MMs will likely try before the PPS climbs quickly. Just my two cents. I actually believe that this has been a thing of beauty this month. Traders can't make any money and price allows this thing to appreciate very well in this manner. My feeling has been for the last week and I have posted a few times, Once we break 2.93-2.94 with volume it will be very fun to watch. There were also a lot of people that bought at 3.10 range, they are probably going to hold at that point for a bit too.
Novell Today. Be interesting if someone has Pacer access when this becomes public.
June 12, 2013
Accompanying Invalidity Contentions of interrogatories and first set of requests for production
I think purely coincidence. VRNG coming back down from 3.17 on 6/3 and DSS Moving up from 2.75 on 6/3. VRNG averages 4-5x's volume on a daily basis. The bulls have taken a stand at 2.90-2.91 today. DSS has the legs due to multiple events coming up. I truly wish the best for VRNG longs on this ruling with GOOG.
This is exactly how you build support. The buyers have been killing it between 2.90-2.92. They are going to have to bring it down a bit because they (MMs) need to buy more shares. BT if we can break and hold that 2.94 I think you will be absolutely correct. I would prefer a big climb from above $3 then at the 2.80 range. Check in at end of the day for your views.
Agreed-Looks like the buyers have solidified at 2.90.
BostonT
I am a passenger on the same boat. LOL
C
RB,
The R/S IMHO has nothing to do with greed as the value of your investment does not change. The street just doesn't like uncertainty. The company has done everything right to this point. I have no position in the company but would personally feel better once the company settles a bit. I plan on taking a position when specific criteria are met. The one thing I am fairly confident on is that it will not remain on OTCBB for another year. The company is making money, the CEO is executing a plan and investment is following. The only thing that makes sense at this point is one of two things will have to happen. (Uplist via R/S-but they will still have to meet market cap requirements) or Merge. As a new company there are many things yet to be revealed but the company IMO is on solid footing. GLTA
Highlander,
I agree 100% and as you know I consider SA and Redchip scourges. However if it would bring more volume then you would probably not hear me whine about them. LOL Personally I like the fact that the PPS has risen the way it has and I could probably put out 15 TA scenarios. The ONLY thing that truly matters on this little guy is volume. I have spent an extensive amount of time researching this puppy and really focused on TA efforts since last August (pre-merger announcement). The real change actually began in April of this year so I think the TA story is yet to be written. I have been in many many RMs over the years and there is always the pre merge pop and then a bit after "official" announcement as you and Noler know. Honestly it has been doing great if you are currently a long as many of us are. However as I have tried to accumulate more since first trading day in June it has been a pain since MMs will drop and gap to sell back and forth to each other but keep the retail buyer in a very tight range so its been almost impossible to buy on "drops". It has also kept the day traders way away. IMO we are in a very good place. I still believe the big movement will really occur once merger is official. Back to spreadsheets and graphs! BTW I have to admit there was a period on one of your other IP interests that I sat here and laughed incessantly during commentary between you and others. Thanks! Just think, only 6 trading days till vote!
Crossing that 200 DMA was critical. It will need strong volume to hold that and if it comes in then it will be very interesting for the next 7 trading days.
Finally-last hour volume killed it. Lets see what is happening but if we break 2.90 and can hold tomorrow IMHO it may be back in play with pending merger. Lets see what happens as we all know, one day does not make a trend. LOL
Posted for other just if they wanted to look at other investments.
DSS Short available...
Not really so much. Got this from another board. Check out some of those other IP plays if you are bored. Enjoy
http://individuals.interactivebrokers.com/en/index.php?key=dss&cntry=usa&tag=United+States&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
On the surface it would appear that MARA needs to continue with the company "structure" related build. I have no idea what the final product will look like but just as they changed focus, name etc.. They already have proven they can monetize to this point. R/S will be IMHO undertaken for two basic reasons. Merger or Uplisting. Both are good reasons as OTCBB will not give them major institution coverage. There are compelling reasons for future success (already demonstrated), I just think in the next 6-10 months there are going to be some very good "structural" moves that will benefit this company. GLTA
PI,
I saw someone a week or two post the same thing. I will see if I can locate. If I recall it was also Schwab.
Thanks, Post-Just getting my Chai Tea down. LOL
LTG/DSS Busy in June with Novell
Pursuant to Civil L.R. 6-2, Plaintiff and counter-defendant Bascom Research, LLC ³deadlines for upcoming litigation events as follows:
Event New Deadline
Pat. L.R. 3-3. Invalidity Contentions
Pat. L.R. 3-4. Document Production
Accompanying Invalidity Contentions.
June 12, 2013
of interrogatories and first set of requests for production
June 17, 2013
Pat. L.R. 4-1. Exchange of Proposed claimms for Construction.
June 26, 2013
Pat. L.R. 4-2. Exchange of Preliminary claim Constructions and Extrinsic Evidence
July 17, 2013
Pat. L.R. 4-3. Joint Claim Construction and Prehearing Statement
August 11, 2013
Pat. L.R. 4-4. Completion of Claim Construction Discovery (including depositions of experts who submitted declarations in support of claim construction positions)
August 26, 2013 (to coincide with opening claim construction brief)
Last One I promise..
LTG and MARA are located 15 miles apart...
Will Rosellini
I was reading an article with a letter to the shareholders today and noticed that Will Rosellini is on the board. I am not sure if you are aware, but he is also on the board of Lexington Technology Group which is getting ready to merge. (Not here to pump other companies) I think what is important here is that he is actually working closely with this company in what looks to be a very similar model. That little fact now has me looking at MARA as several have pointed me over here. Also, I notice IPNAV and almost all the same early players over there are starting here. I agree with post that R/S may keep investors out until that is settled but it is very interesting to be able to start to follow principals in these IP plays. Good Luck-back to Lurking a bit.