It is hard to time market tops and bottoms, but long term holding is not a good investment strategy anymore. I like VHC as much as anyone, but the forecast I have is the market will tank before the next round of momentum news positively impacts VHC. Thus, VHC will continue to drift to the $12-15 price range. This has nothing to do with the long term prosects for VHC or the value of the patent assets. My move was to sell a substantial holding and wait for the market to settle. I have a real concern the Feds have shot all their bullets and cannot spend the USA out of a recession. The only positive is many international corporations are doing well in terms of growth and profitability, but that is due to foreign investment opportunities. I think it is very tough to lose all the gains and sit there and watch it, so I sold out and took profits. Friday was an indicator of market weakness. VHC tried to recover from the horrific day on Thursday and terrible 5-7 day trading binge, but it made a further substantial negative move at the end of the day.
The Fed has an endless numbers of bullets coming off their electronic printing press and history shows they will do it over and over again.
In the same way VHC is an endless printing press and the big boys want your shares cheap so they can steal your profits soon. Those selling allow both the shorts to steal those profits and then the profits as it shoots much higher to whoever holds them at that point.