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InterDigital, Inc. Message Board

ckpuma 5 posts  |  Last Activity: Jul 23, 2014 1:15 PM Member since: Mar 6, 2002
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  • The cup and handle break out anticipated back around July 7, continues, and appears to be real. Volume studies support the uptrend, and today's volume may surpass Tues. I see a cup and handle, base on base break out on the daily charts, and a cup and extended handle break out on the weekly charts as further verification. Though premature without accompanying AAPL news, I strongly feel that, this time, the deal will be reality. Shorts need to cover, and "SOONER", will be a better deal than, "TOO LATE, LATER". With that final realization, INVN will be pushed and "covered", on it's way towards the 30-35 anticipated future basing level. You'll see a back and fill chart pattern, with higher lows, as we proceed further...........JMO

  • Reply to

    Today's Volume

    by ckpuma Jul 7, 2014 12:13 PM
    ckpuma ckpuma Jul 22, 2014 10:29 AM Flag

    1.35 mil shares traded the first hour, looks like 3 mil is attainable.

  • Reply to

    Today's Volume

    by ckpuma Jul 7, 2014 12:13 PM
    ckpuma ckpuma Jul 22, 2014 10:18 AM Flag

    We are now 10-11 trading days since the start of the handle formation, noted July 8. The handle bottom is usually defined by low volume days, where the last shake out sellers are exhausted. The handle then turns upwards with increasing volume days, "BUYERS" returning. Significant is the cup and handle breakout, into new 52 week highs, on confirming volume. In the first hour of trading, we see new 52 week highs. Would like to see volume in excess of 3 mil today. My charts are down today, so I'm partially in the blind. I would like to see a new 52 week high close with supporting volume. We're still 5 trading days shy of earnings announcement, so I'm a little perplexed that we're jumping the gun, some over anxious buyers/shorts? With each day we advance, practically all shorts will be in the red. I can't fathom INVN not being utilized by AAPL by this point, and I foresee AAPL news soon to propel INVN into the 30-35 range previously mentioned. JMO.......

  • Reply to

    Today's Volume

    by ckpuma Jul 7, 2014 12:13 PM
    ckpuma ckpuma Jul 8, 2014 1:36 PM Flag

    A little sooner than I expected, but today we see the start of the handle formation I anticipated yesterday. We went from a 24.6 high to the 22.06 low already, a 10.3% pullback. The 15, 30, 60 min chart stochastics have reloaded off the lows, but the daily chart stochastics still have a ways to go. Thus you may still see some retesting in the next few days. Those who added to positions in the low 22's, congratulations, good work. This may be the last opportunity for shorts to cover and join the inevitable winning side, as the handle starts to etch back up over 24. With supporting news, another break out may take INVN to the 30-35 level. JMO.......

  • Today's volume, 4.0 mil shares traded at this early day's stage is significant. Interest is back. During the last 8 months, I see a double cup and handle "base on base" hold pattern. We're at the start of the second cup and handle pattern and simultaneously, near the previous 52 week high. It would be nice to see the final shake out, handle pull back of approx. 10% back to the handle low around 22. Volume explosion back up over new highs and short covering, with supporting news to validate the new leg up into further new 52 week highs.

IDCC
45.15-0.65(-1.42%)10:13 AMEDT

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