PDL BioPharma Inc. (PDLI)

[Trinityz1]

Basically once PDLI won in the Patent court hands down only to have a jury trial screw them over
and hand their royalties back to Big Pharma
as far as I'm concerned, anything goes here

read some prior posts
My opinion is that a big Pharma wants to snag PDLI and take them over for pennies on the dollar

the company is paying better than a 10% dividend
it should be trading at $12
and if shorts start to cover......good grief it could happen.

so they're getting screwed over....
every time the sp makes any progress, it gets shorted back down
so imo, there isn't that much to like right now except the qualified dividend which pays a nice chunk of change

right now a 5% dividend is outstanding from any company
the avg is running less than 3%
So until it gets a fair shake, I short on the highs as fast as I can then cover on the drops

Imo, there's nothing wrong with the company and I made some nice $ on previous dividends

I probably will throw up if it shoots up to $12 in a short period of time and will wish I had loaded the boat with shares and calls