Over that last ~couple~ weeks the shares of Vringo have had some HUGE swings between $3.09 & $4.45. Including some trading over $6.xx in the extended hours market. This is clearly a news driven stock and the recent volatility is due to the combination of court rulings and the MASSIVE short interest involved with this equity. (S.I. is somewhere near 25% of the entire float) according to quotes.barrons.com/VRNG
This daily chart (although very simple) is attempting to show that the current price per share is an EXCELLENT entry as it sits on pretty solid support around the $4.09 mark.
I would watch Monday's (Feb 3rd 2014) closely as PPS need to move upward to verify the meaning of Friday's doji.
I am long term common share (and warrants) holder and have recently added to my position $4.26. There are MANY near-term catalysts that ~could~ put immediate and strong pressure for short-share holders to cover their positions.
My opinion is any entry in the low $4.xx range will be rewarded substantially in the near-term.
Best of luck to all traders and investors !!
This daily chart (although very simple) is attempting to show that the current price per share is an EXCELLENT entry as it sits on pretty solid support around the $4.09 mark.
I would watch Monday's (Feb 3rd 2014) closely as PPS need to move upward to verify the meaning of Friday's doji.
I am long term common share (and warrants) holder and have recently added to my position $4.26. There are MANY near-term catalysts that ~could~ put immediate and strong pressure for short-share holders to cover their positions.
My opinion is any entry in the low $4.xx range will be rewarded substantially in the near-term.
Best of luck to all traders and investors !!