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dndodd

09/06/22 1:06 PM

#430243 RE: Monterey2000 #430242

good analysis but IDCC may drop further with the market if it does I would expect it to bottom out around cash value as it has done in the past. CV per FINVIZ is $30.17.

Gamco

09/06/22 2:18 PM

#430246 RE: Monterey2000 #430242

Monterey2000 - Good post and I believe each of your observations are correct. I would add the following:

* Today's number of outstanding shares has never been this low at 29.66 million
* Institutional stock ownership has never been this high at 89.31%
* Short Interest has more than doubled during the past 4 months going from 1.06 million at the end of April to 2.41 million by mid August

Taking these statistics into consideration, if an institution needs to make an investment change to accommodate cash withdrawals or investment allocation concerns, the price of IDCC will change much more rapidly than it has in the past. JMHO