Random thoughts about recent price movements
Why is it that whenever the stock has a decline without obvious cause it is a conspiracy of shorts and other evil doers, yet when it goes up for no apparent reason no one ever accuses anyone of manipulating the price up? If there was manipulation of IDCC’s price, this time it was to push it up so they could sell or short it over 30, and then let it fall back and buy back. But you’ll never hear anybody consider that. No, when the price goes up the market is finally catching on to our little secret. News flash, IDCC needs to execute additional 3G licenses to significantly and permanently raise the price.
Analyst puts out a report months ago showing IDCC with a target price of 25 (when the stock is at that level) and a market perform rating. The price of the stock goes rather quickly to 35 on no news. He downgrades to market underperform citing valuation. What a load of consistency and logic. Yes, let's all vilify him because he isn't willing to “bet on the come” on this stock. Oh, but his downgrade cost IDCC hundreds of millions in market cap. Too funny. PJ can cause 20% of the shares to trade? If you believe that then get rich just jumping on their upgrades/downgrades. The stock had run up on who knows what and people were waiting for the top to sell. When there was a break in the stock price there was a selling frenzy. The price is now about 10% higher than when the run started - not bad for two months. Here's a crazy prediction, Amit upgrades to market perform because the valuation has come back into line with where he thinks it should be. To an unbiased observer it would be some astute analysis on his part, but here he will be a moronic unethical stumblebum until he is the most optimistic analyst, at which time he will be a brilliant man with a shrewd insight into IDCC.
Evil management sells their shares at high prices. Oh horrors. I'm glad we have management that is smart enough to sell on the upswings. No, that can't be it... let's consider legal action and contact the SEC. They sold because they had insider knowledge that bad news was coming to hurt the share price so they got out. But wait, there was no news to cause the drop. Fk it, my portfolio took a hit and I KNOW it ain't my fault. Screw the facts, sue somebody - this IS America after all. Somebody (other than me) has to pay for my failure to sell at the top. I do believe each of us can sell whenever we want to, can't we?
Once again IDCC runs up on significant volume with no real news to support such a move. Someone knows something, there’s a leak, big news coming. Wrong again. It happens every year or two. IDCC news has been preceded by very normal trading in almost every instance. If there ever is a leak, it will be from the other company that is about to enter into a contract with us.
"Mister", you sound like an illiterate spurned lover. You appear to be very angry about IDCC. I suggest you forget all about it because it only makes you miserable. But then some people just like to bitch. I just wish you’d find some where else to do it.
Here’s hoping Mr. Merritt has a nice 3G contract to announce in the near future so everyone can enjoy life.
