badger.....I respectfully disagree. You are depicting the expected behavior of normal investors (shorts in this case) in a "normal" company over a long period of time. I submit that this is not the case with IDCC. Many of us "Graham and Dodd" type of analysts have been shaking our collective heads, for a long time, at the gulf between IDCC's intrinsic value and the value the marketplace puts on it. I believe that there would have to be unity of thought and intention over time to make such an -in-your-face bet. JMO