Maestro,
VRNG has not hit a closing low of 2.80 since back in May. Since then, GOOG's motions to depose Becker have been denied, and USPTO has validated claim, eliminating two points of uncertainty that have weighed on share price. While there were a few days in the 2.90's prior to USPTO decision, pps has held above 3 fairly consistently. I believe (my opinion, not fact) that your 2.80-3.40 range is an old range that has changed based on new data. Seems to me like a new floor of over 3.x has been established with elimination of some uncertainty. Therefore, I'm thinking there is a risk to you being on the sidelines if you are waiting for 2.80 to occur once again. Of course, if you have your core position that is not being traded, then that would seem prudent.
So, a question. At this point, are you COMPLETELY out and waiting for 2.80, or do you have a core position still in play and trading position is out? just curious. And, always respect should you choose not to say.
best,
arp