InterDigital Inc (IDCC)

[plumear]

I appreciate what you are saying vtemo1. However, if you put yourself in the shoes of those who are short the stock, you have to realize that there is not much reason to hold the short position longer, except that you don't want to create a run by buying back in too fast. If we assume that IDCC buys back at an average of $25, they will buy back 4M shares. Not only will this have the effect of putting a floor under the share price but they will be competing with the shorts for the available shares to purchase. There is of course no time limit on completing the share buyback, nor does IDCC actually have to buy the full $100M but it will surely change the selling dynamic. I expect short covering to hasten. JMHO We are getting a lot of help from the market as well, which, if that holds up, we may be back to last weeks price rather quickly, The previous low for the S&P was 741. The 20 EMA is 742. That area will be a resistance point. It would be nice if the market can carry the price above that and hold. If it does, I think IDCC will move up well.