Interactive brokers, info is not accurate, never has been and continues not to be. I guarantee you there is not 124,000 shares to short there.
Talked to the stock loan dept at two different retail brokerage houses. They both told me essentially the same thing. For them to even begin to locate stock to short you first have to qualify two different way. One, the minimum short position in VHC is $50,000 work of stock and then you have to be willing to pay up to 30% annually IF they can find a borrow. If you aren't willing to do those two things they won't even begin to start to try and locate stock for you.
Then you move onto trying to locate stock to legitimately short and as best I can tell there is barely any out there and the stock that might be there is so minimal it amounts to nothing. I got this info by calling two major inv banks stock loan departments. So, the net result of all of this is that retail can and doesn't get any stock to short and anyone that tells you they are short the stock or shorting the stock is lying.
Institutions can get around many of the rules by cheating and what not, but retail cannot. They don't have the money, connections or pull w/the street. So, when some dude writes an article telling us he's short, I say, BS. All these losers on the message board, I assume they are still there as I have them all on ignore ARE NOT short VHC either. So, everyone relax, the harder these guys fight VHC the more valuable you know it's worth, it's really that simple. The judge has never ever once been overturned on appeal. Do you really think given VHC's court record that it's going to start now. "If apple wins in appeal", that's the biggest pie in the sky "IF" in the history of Wall St. The shorts know they've lost, the longs know they've lost an Apple knows it lost, it's just a matter of time before they take an equity stake in VHC and that's all these games are for right now. To try and put VHC under pressure so that Appl can cut a better deal for themselves. The problem now is the rate has been established at 1% and now all the other parties will be at the table shortly
the shorts are being bankrolled by Apple and possibly Csco and maybe others. The shorts will not cover until Apple settle this once and for all, in whatever fashion they think is best. That's not to say that some of the ancillary shorts that have been dragged into this won't cover, but they will be replaced. That also isn't to say that this stock can't go up, as it certainly can and should, but we've all learned the hard way that the shorts do not go away here and won't until a final deal is reached. There's too much at stake here for them to let this stock price go where ithsould. This presents quite an opportunity for retail as the company keeps knocking it out of the park and making huge fundamental progress w/o the sock price getting away from the. The upside of downside manipulation, as far as i'm concerned let them continue as long as they can, i can wait them out.
the shorts can't get the stock down. . . . so, now what are you gonna do. Not that all the shorts are legitimately short, but those that are are carrying the extra VIG to short it so, that's a losing proposition. Goog, has lost on every front except laches and that stands a good change of a reversal since the judge didn't even let VRNG present their side of the argument, and that's potentially another billion for VRNG to go after. Shorts are completely stuck with the fundamentals of VRNG improving by the day. A pattern has been established here as to the validity of the patents and you'd have to be a moron to expect that to change. All the shorts ahve is hope and that is NOT a good investing philosophy, but with every share that is sold it provide pure comedic relief for me. Keep shorting boys, naked or otherwise because going to bed every night w/that position knowing what could or inevitably will be coming for VRNG has to suck.
will not cover until Apple settles or buys out vhc. Until that day the shorts will be here putting downward pressure on the stock. This hasn't changed in 3 years and it's not going to change today or tmrw unless Apple gives up. The shorts are here as a proxy for Apple or Csco or both. Not saying the stock can't go up, but the shorts aren't going away. That is something you need to get use to.
consider this. VRNG, has the laches issue to appeal as well. That alone could be close to the royalties owed to them at this point, close to a bilion dollars. There is a much greater chance VRNG reverses the old laches ruling than GOOG has of changing any of the things they would appeal. So, if GOOG chooses to appeal and go forth it certainly isn't without much greater risk. They could choose to settle and and pay what is owed with the promise that VRNG doesn't re-visit the laches ruling on appeal. To anyone who thinks VRNG now is under the thumb of GOOG you need to wake up and check the facts because all the facts are heavily weighted to VRNG's side of the scale.
Since the beginning the shorts have said VRNG would lose, would lose to GOOG, AOL and all the others. They would lose at trial, lose the post trial motions, lose the work around issue, lose the reduced royalty rate set by the judge and now they are going to lose the appeal. They have won AT EVERY TURN except for one and that was the latches issue which they might eventually win. Why in the world would you listen to anything a short has to say. They have been wrong EVERY SINGLE TIME.
If there's anything an investor here should have learned is that the management of Vringo are aggressive NY'ers hwo take good care of their company and stock price. There is absolutely no way they don't have a plan for this. I can assure you they have a plan in place to take care of their stock price and have it reflect the tremendous accomplishments they have made. To listen or side w/the shorts is to side w/the losing team, look at the pattern. Stock prices can be manipulated by both sides, the recent trend is up. Thiis is no longer the stock it was before a few weeks ago, recent developments that changed the paradigm and it will continue to go much higher especially with Vrng's management team behind it.
Most of you think the shorts covered. Do most of you think just because a stock sells off that those are shorts covering? Who do you think is selling the stock to get it down, the longs? If you think that then you have no business being in the stock market. The shorts didn't get less short today. The stock printed 46mm shares today and most of that was in a very tight spread throughout the day. Do you really think all longs and then a ton more sold their stock today? Not a chance of that. The shorts, whomever they were sat on the ask and created bogus shares to sell to real buyers. So, all they did is get more short. Whether it was mm's or mm's on behalf on institutions or hedge funds or whomever, it doesn't really matter. There is also no stock or very little stock to borrow and legally short so, all this was done to try and limit the damage to the upside since they are short. Now maybe the shorts are praying for a miracle before settlement or maybe they are illegally shorting, but if the buyers were legit and I would say they are due to the news then the shorts or sellers of that two sided transaction will have to deliver the stock within T+3. YOu can't forget to short whenever and as much as you'd like, there are extenuating circumstances to each individual situation. To short a stock you have to find a borrow and with a short position being 25+% of the float and the stock running up recently it's unlikely that that position has gone done significantly. Even mm's, who have the ability to naked short have limits and have to deliver that stock by settlement to legit buyers. Use your head before posting nonsense.
the more comfortable I am being long. That is one of the surest signs of being right in today's corrupt marketplace. They win the trial, win the post trial issues, win the workaround claim, win increased royalty rate and the longs are on the wrong side of this one? HAHA. Thx for the laughs boys.