InterDigital Inc (IDCC): tnyellowtomcat, I think company xyz is t...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	8
Posts	474
Boards Moderated	0
Alias Born	04/14/2016

vegas options

Re: tnyellowtomcat post# 431346

Thursday, 06/08/2023 9:45:41 AM

Thursday, June 08, 2023 9:45:41 AM

tnyellowtomcat, I think company xyz is too cheap so I go long. You think it is too expensive so you go short. In the case of IDCC B of A relied on quants so they shorted it starting at $62. It went down due to market conditions to $40. B of A looked brilliant. At no time did the B of A analyst understand that IDCC had $40 in cash and the company was predicted to make $3 per share this year. Then the company started to aggressively buy back stock through a Dutch Auction. B of A said after they spend their money it will sink again. Then the company blindsided them by winning an award through a court case. ( even though litigation is updated every quarter.) At this point B of A analyst decided to look into the company and understand what they actually do and what they have. Now B of A says buy because the company is undervalued and the quants have no clue...