market wasn't expecting "good" news on better than expected dig.
That's why OMEX traded on higher expected volume;
more likely short-covering also played into the picture.
Key is if tomorrow any follow-through or just a one-day wonder.
News has it one hedge fund is very short (wrong side of the trade) as it stated the dig will produce lower or no value (dry hole).
Can't win them all.
IDCC had no offers 2 years ago;
has anything happened since to change the situation?
Favorite court order outcome likely to boost IDCC stock price.
Would like to see IDCC go over 40 before 12/31/14.
Waiting for more positive news to come out.
Would be a good story if after the market closes Friday 6/27/14, OMEX management make an announcement of their findings come Monday 6/30/14 before market opens.
You'll then see shorts/longs load up one way or the other (shorts want stock to go less than 1; longs will like to see over 3).
Assume no news as the start of July comes next week.
Makes for suspense each day.
Wonder what's taking so long - taking inventory of each item, videotaping to display for all to see?
SeekingAlpha has a good write-up for risk/reward.
The author bought options expecting target takeout 20-21 range.
4 major buyers with low-ball offers (lol) wanting this company for a steal.
Results should be known, hopefully, in a couple of weeks and not longer.
a close above 35 will be a positive.
It was more than 6 months ago (11/01/2013) IDCC closed over 35; downhill ever since.
Why the upmove, assume nothing has changed the last couple of months?
Short-covering? News on a settlement coming soon with Nokia?
Whatever, best to buy IDCC when there are negative news issued; sell on the uptick.
Watch it see if IDCC can make it over 40 by 12/31/14.
Many got flyers to pump VEND a couple months ago.
However, VEND is now closer to its 52-week low, more than 60 percent off its 52-week peak.
How many short vs long VEND if legit?
Potential target 5-6 or 1-2?
Appears the maker of the vending machines is where to place your money (lol).
This must be OMEX biggest potential find to make/break its stock, no?
I recall the Atocha many years ago was their last major mother load find.
Any other significant finding to compare?
OMEX should soon see 2.xx - 3.xx but over 5 is like winning the lottery.
GLTA long and shorts.
The buyers came in early during the spinoff and at lower cost in the high 30s;
now it is sit back and wait for a double, decent dividend to boot, too.
No need to speculate (go short ABBV);
next target is outcome for SHPG (either ABBV or some other company) - no brainer
Buyer wants a low-ball price, while IGT management wants a higher offer.
That's probably the big hangup;
no company wants to bet big bucks like 21-22; just 17-18 IMO.
IGT will look like fools if offer pulled off the table because asking price not met.
Give it to 7/31/14 for the saga to end.
In the meantime, if you're short, you pay for the wait time in interest charges.
If you were long more than 5 years ago, you bought when price was 25-40.
Can't win them all.
will 2 be the price you will cover at?
Or 2 price you will load up to buy?
You could be wrong taking both positions;
VEND could go lower than 2 (lol)
The best bet is VEND has seen 10 as the top forever.
However, can't profit from such a position.
Finally, a multi-point upmove on positive news on a day the market corrects.
Now, how much higher can IDCC go?
Can't get carried away to say it will go to 50.
I'll make a conservative estimate to its 52-week highs 45-47.
Patience has its rewards buying at 29-31 range.
I guess the reason why many decided to trade elsewhere, no?
Like watching weeds grow.
Eventually, one day, SLV will #$%$ the traders spiking up or down.
Listen to Ira Epstein on YouTube for daily movement of SLV and GLD by the charts.
Many expect to see SLV go to 15, but can easily go the other way and stay over 20 for several months.
Want price movement up/down? Try UPRO, SPXU, UWM, URTY with double or triple the index S&P 500 and Russell 2000 price movement.
If $2 - you'll get more short-covering.
Patiently waiting for video proof of the haul...taking awhile to show the world whether bigger than expected or a dud.
Just don't get your hopes too high...
IGT is in a tight trading range before the outcome is known.
The longer the narrow trade, unlikely the offer will be over $20; more like $18.50.
The best outcome is an auction rather than discussion with specific companies like GTECH individually.
Worse nightmare is if IGT managers decide to pull offer and stock goes back to 12.xx
Just my 2 cents
You are too kind as VEND to go just to 5 cents.
More like down to 1 cent and stay there (lol).
Just a matter of time before it goes under 2.00.
As they say, #$%$ rolls downhill.
From 10.xx to 2 is a loss of 80 percent....and no reversal in sight.
Confirmation comes with earnings come this Tuesday.
If positive, TRIB should go over 25; if not, under 20.
I like Friday's action, as TRIB didn't go red like rest of broad market.
On the downside, TRIB has been off its 52-week high and flat the last couple of weeks.
Barron's most positive comments by 1 analyst expect 50;
most be satisfied with over 35 by 12/31/14.
Z is the momentum play...120, 130, 150, 160, 200?
Be careful when the spike down occurs...could be down 20, 30...when the music stops.
In the meantime, enjoy the party.