InterDigital Inc (IDCC)

[plumear]

This past week has been one of the best periods for excellent and substantive discussion I've seen since I've followed this stock.

There is one thing about thise latest twist (trial delay) that makes me very comfortable. There was some very serious selling in the first ten minutes of the day as noted by teecee (200,000 shares) and yet there were buys waiting at the support of $14.50/70 level ready to pick up the shares. Bill Daglish refered to the "disciplined investor" that is not caught up in "fear and greed". That disciplined group has been present for weeks and has been steadily accumulating at approx. this level. Look back at the charts and you will see several examples where waves of selling have been absorbed every time the price got down to about this level. GE-jim has already made note of this group. This group is not chasing the stock upwards either. (though they may be doing some selling in the mid-sixteens to hold the stock in this trading range) I don't have any idea whether we are headed to trial or that there is a settlement in the works, as so many of the arguments for either version are very plausible, but I am very comfortable that there are buyers with deep pockets that are patientlyly waiting to buy at the current level. They certainly believe that, whatever the outcome, it will be positive.