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Thursday, May 02, 2013 4:47:39 PM
Charting Vringo is not as useful as many other stocks due to the oppressive nature of the shorts. This is where price discovery is managed by well capitalized short sellers. The purpose of posting the chart is to show the areas where the shorts will defend themselves. Today the stock overcame the 50 dma. Now the $3.07 level will be defended. A close over and hold of that key level will be very helpful.
http://stockcharts.com/h-sc/ui?s=VRNG&p=D&yr=0&mn=4&dy=0&id=p57700612870&a=298953728&listNum=3
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