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Parkervision Inc. Message Board

  • investora2z investora2z Apr 19, 2013 10:01 AM Flag

    $3.33 should provide support

    The recent correction apart, PRKR has shown strength after the recent Court order disagreed with Qualcomm’s Motion to drive out its claims of indirect infringements in the patent violation litigation. The trial is commencing on 7th October and till that time the stock is expected to remain active. Investors would not like to miss out on any uptrend in the run-up to the trial. The hopes are high after the claim construction ruling in the case resulted in the adoption by the court of more than 90% of ParkerVision's proposed terms. The recent strength could not take it above the 52 week high, and the stock has retraced from around $4.16 to the current levels. Now, it has broken below the 50 DMA but is still trading above the 200 DMA at $2.61. It is important to remember that the recent up move started from $3.33, and that will be the next support level. The volumes have remained robust with the 10 day trading volume average being in excess of 1.2 million shares. The company is actively looking to acquire, license & monetize patents. Since patent monetization business is very much in vogue, at least the company is in the right business. Qualcomm's lawsuit has changed the recent history of the stock, and it is also likely to change the near term future. Investors have been rewarded by great returns compared with the recent lows. Even other companies like Document Security System (NYSE:DSS) have recently been extremely active in anticipation of the upcoming Markman hearing. A subsidiary of DSS has filed a potentially huge lawsuit against Facebook (FB), LinkedIn (LNKD), Novell (NOVL), Broadvision (BVSN) and Jive Software (JIVE). Apart from DSS, there are several other such patent infringement lawsuits reaching crucial stages over the next few months. For Parkervision, Qualcomm lawsuit will determine the near term trend.

4.01+0.13(+3.35%)Oct 25 3:59 PMEDT