You have provided you own answer.
"jimlur for the long run that is good, does not mean that good news is coming, just that an experienced fund manager believes good news will come, he has no inside information, and in the period he bought the stock went from 19 to 12, this market will struggle over the next 2 to 4 week period and could bump down if some bad news hits in the world sphere, i think this is the perfect time to average down and i have done that, i don't see what moves this stock up over the next month"
That's what investing is all about. No good investor looks at a company short term.
Do yourself a favor and don't try and time the markets. If you like IDCC buy the shares and forget the options. I hope you get lucky on what ever option play you made but if you don't it cost you a few shares to take that chance.