InterDigital Inc (IDCC)

[j70k]

In trying to understand what has gone on with this stock in the past few months, I looked at the historical prices and volumes going back to the last real event that impacted the fundamentals-the nok settlement. After profit taking, the stock settled at 25+, until may 4th first qtr earnings bumped the stock to 28+ and this high coincided with the nasdaq high of 2345. Volume once again dried up and drifted back to the 25-26 range until May 31st when 2nd qtr projections were announced and volume skyrocketed for 17 straight sessions with the average being 3 to 4 times normal and the price ran from 26 to 34 in a down market.Maybe a new awareness fueled this speculative runup(Motley Fool etc.), but really no new news, to long term followers of IDCC,was released.Nine straight sessions followed under 1 mil in volume, but we drifted a bit higher until volume again spiked July 7th and we all know what has happened since. If you look at where we were on may 9th(NAS HIGH)28.10 and apply % decrease(14%) we are actually in line now with the market and of course thruout this roller coaster ride no news has been issued to impact fundamentals. As painful as this has been, I feel a little better that today's price maybe is not so out of line and with good news we will rise again to new highs.The mechanics of July7th and 10th are still suspect, but the FUNDAMENTALS are still intact and the prospects as bright as ever.Good Luck to Longs.