Seeking " VRNG OVERPOWERING GOOG AT TRIAL.CAN SEND VRNG STOCK TO ORBIT" link
Vringo: Parabolic Rise Imminent
By: Harmohan Parmar
October 29, 2012
Disclosure: I am long VRNG. (More...)
When examining Vringo's (VRNG) technicals, it looks to be in a bullish state, as can be seen here. Technical analysis aside, the PPS (price per share) of Vringo will be greatly influenced next week by the outcome of its lawsuit against Google (GOOG), IAC Search & Media (IACI), Gannett Company (GCI), Target Corporation (TGT) and AOL (AOL). Developments coming out of court so far suggest Vringo has done an excellent job presenting its case to the court. It seems that Google's lawyers underestimated the risk of going to court and are overpowered by their Vringo counterparts. Dave Manuel defines a parabolic move as, "When a stock starts going up, the buying interest increases dramatically, sending the stock into orbit." Basically, the interest in the stock keeps compounding and growing, triggering a chain reaction. Are we about to witness parabolic movement with the Vringo stock.