Wednesday, May 07, 2014 5:32:48 PM
not in the slightest.
nothing has changed between yesterday and today and VRNG does not tend move up without good news (unlike DSS). Because of all the short pressure and investor fatigue the stock tends to bleed out until some substantial good news is released.
Even with Dan R blowing his little bugle it seems to have fallen on deaf ears.. most likely because his prior predictions were shown to move the market and turned out to be completely wrong. The guy has flipflopped his position on VRNG so many times that now he is just seen as "the little boy who cried wolf". (even if his assessment is actually positive and less biased this time)
you can expect the price to fall further if the earnings release doesn't show a significant uptick in licensing revenues. and it probably won't.
however with that being said the courts may pleasantly surprise us in the next few days...
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