(1) The greater duration of time where (2) the price is inflated based upon speculation (reasonable, but not definitive substance), where (3) the upward range could be immediate and substantial (drawing more volatile-oriented / nano traders because (4) there exists sufficient fear in various/possible actions that could spell dramatic decline (known by all riding this train the past few months - all someone needs to utter is "USPTO" and the red herring works it's evil magic!)= greater likelihood of MM manipulation...
I would never bank on a base with this one. It's a moving target - diminished only as speculation becomes substance (happening, but not definitive). I have reasonable confidence in an EVENTUAL BIG VRNG win here... but we have some processes before us yet (likely a few we haven't conceived) that will probably give us all another, good buying opportunity in the $2's if we're patient... and then again, the uncertainty could pivot in the other direction with "other" catalyst moment-- ZTE announcement, etc.
Bottom line, after last week GOOG seems decidedly resolved and ready to go the distance... put it in the hands of the judge - for better or worse. We need to keep in mind, settlement or judge - the loss is statistically insignificant. Particularly after last week- I'm betting for them it's 100% principal... seeing trolling and not their on usurpation/infringement... they can't conceive of any kind of settlement. That will likely / eventually bode well for VRNG... but taking settlement expectations off the table, will mean duration of rough waters (albeit increasingly diminished)...
