Possibly one more day to short it out. Notice the volume is low. If really bad news were comimg, volume would be off the charts, and price would have tankedto below $2. Get ready for the rebound to $3. Stocks taking avg daily volume or more just to drop a dime a day for 3-4 days is typical. Remember, there are over 20 million shares short and I think some are dropping it just to cover b4 the Verdict. Hold strong......
Noticing slow accumulation on days with 3 to 4 times average daily volume.
Typical day events where value drops 5-10 cents, shares are bought up in small lots to avoid spike, and then it closes near or just a few pennies higher than the open. VERY bullish sign in the buying pattern.
When will ETAK report next "Q" ? I really have no rush if it keeps climbing just 5 cents a day. A real positive report would be a new contract, or some up date on the number of SIMS already transferred. A real surprise would be an update on a previously announced contract with any of the users, Fico,too.
Pull up a three or six month chart and all you see is cups, w/o handles.
Pull up a year chart and you see the 3.00 ceiling hit again and again, due to a long term testing needed in financial applications, 6 months to 2 years... b4 any money flows.. Today was no real story of positive or negative news and movement. A LTHOUGH FOUR TIMES the volume took place, it seems some shorts may have covered. There are millions of shares short as of 11/15. Check out nasdaq site to see.
Real news will be on 12/17, just b4 Christmas. The stock should be stable in a trading range until the German courts rule on ETAK vs ZTE. As each case is decided, it is another nail in the lid, and another coil on the spring in favor of ETAK. All the negative bashing will not effect a courts decision, only clutter a message board. Use the ignore. Another 10 days of #$%$ b the real news from the courts.
Vrng has hit the resistance level of 3.20 four times in the last year, and also topped at about 3.60 twice.
With the German court date set for December 17th, I can view this favorable towards VRNG.
German courts have a history of defending patent holders.
German courts have a history of rendering no nonsense verdicts, with strict enforcement.
Should ZTE license VRNG or just pay a settlement, VRNG should quickly top $4.00 and head towards the sky. WHY do I think this?? ZTE serves Australia, China ( which upheld VRNG vs ZTE-twice), and Europe. Germany is the center of mobile for Europe, excluding Japan which uses an entirely unique system to themselves.
Imagine the income, past and future, and top that off with the VERY large short, over 20 million as of 11/15/2013, and the attempts to cover pending a positive ruling. Tic tock goes the clock. This could be a really great Christmas present. Just some thoughts on a weekend off
Certainly not all, but marlin888 and Sirius for the fundamentals outlook for ETAK
Spencer for his chart abilities golferstock 80 for fudamentals too many more too thANKS FOR KEPING IT SANE
I did not know it was that high !! If true, then the smart phone/cyber wallets will require mobile security, and Validsoft will offer that in spades.
I hope this remains a separate entity and not bought out. Three years from now we could be retired, or three months from now we could be looing for the next ETAK.
On that note, I have been looking at VRNG. Not spamming just looking for opportunity. Do you have any prospects?? Only asking on the weekend with no market activity
Not even logical. Rumor mill is on ignore
I checked to see if there were any nay sayers on Friday's move up in volume and price for etak, They were all absent , AWOL, or absent with out exscuse, LOL
Real question is will etak hold this level, above a buck ? Too easy to manipulate at this level and volume.
Back to the argument, if Etak is to sustain this level and positive movement, it will have to release some more good news for future earnings and contracts. Future is bright as more adopt the ETAK model. On that note did anyone catch the news about Cyber Moday sales ??????????
Seems the mobile apps on smart phones were responsible for a greater percentage of Cyber sales, and that is what put it over the top. Etak and Mobile is the future, and this past Monday has demonstrated. This must be secure, and Etak, although not all the answer, is certainly a great part of that answer.
WOOF WOOF WOOF WOOF seems etak has some teeth on fridy. 7x the volume and up again.
15% one day, and 11 % the next leg up.... could 700,000 shorts have covered in one day? From 300,000 avg volume to over 2.1 million, that is definitely a change in sentiment.
20 million short and a postive ZTE ruling in Germany. I would not be short, odds against sucha position.
Soon, and the German corts are very accurate for dates and decisions, and are also very helpful towards patent holders, ie) VRNG. Game on until then.
I am anticipating a positive ruling in favor for VRNG and ZTE, since VRNG already won against ZTE with in the China cort system, twice on top of the, on the initial and on ZTE's appeal, too.
The short interest, according to nasdaq site is, as of 11/15, over 20 milion with 12 days to cover. I am still awaiting a burst higher with the ZTE ruling. Google will have to follow, as their "work around" has yet to be used. PS : Google just finished their patenet purchase form Nokia Yesterday, recognising the importance of the Nokia pats, this is a positive for VRNG's pats......
As for one opinion verses another, let me say you can have any opinion you wish, but you can not have the facts to your opinion change just to verify your view point.
I went to nasdaq site and checked out the short interest on ETAK...
It has gone from a high on 4/30/2013 at 3.410 millipn shares
Down to 787,407 on 11/15/2013.... More positions have closed out their shorts, due to the expansion of business and implimentation ofValid Soft secutiy systems, UK banks, and over seas adoptions of ETAK systems, at a rate of 4 to 1... Facts are facts. You are allowed to short as you decidd, most have moved on
This also means, ETAK will have to prove itself based on contracts and sim transfers, etc.. with no short squeeze really possible, due to such a low short interest.
As for multiple ID posters tcxnl, greg,phoenix, they all seem to show up together and bolster, might I guess, one man's computer postings.... I put them on ignore, again, and will ignore them, suggest you give yourself an early Christmas present, too.
If you take the time, you can click on the name and see all of four posts all located on the VRNG board today.
Looks like some of the "ignored" bashers are taking on new names, since they are a lot of one post and no replies, like from ran dog whett_pharts, who curiously also used the underline on his name plate.
So futile, and another short log to the burn pile, nuff time wasted......
You are correct on that, thanks for pointing it out. I should have been more precise to differentiate 980 in India and 664 here. Courts have difffering cases based on patenets. Point remains, money should flow in soon. Dec 17th for the German court case. Three weeks and we will get the first hint for Europe as well. Germany is known for being protective of patenet holders, asn Europe should follow Germany's direction. Again PAY DAY is coming soon, hopefully in time for Cristmas, God bless, everyone, except the shorts.....
China has already ruled against ZTE, a fact worth noting as already happened. ZTE LOST IN CHINA
This is BIG news when a company looses in its home country, and if you think of it, China is known for taking and using patented materials w/o paying for them. So it is a BIG win for ZTE !!
Google has already lost, twice, in court and at the USPTO. All that is to be determined is the royalty rate, 3.5, 5 or 7.5% Fact worth noting in your world of obfuscation.
As to my use of "if", I do not intend to speak to the outcome in India, yet. But as noted from the preceeding examples, Autralia and Europe are large ZTE users. Logically, since China has upheld the p[atent eithin its boarders, how else mught you look at the Autalian and European cases, except with a positive outlook towards the court cases in these two areas? I could have said "when" and you could be right to blast me, but I did not. Intelectually responsiblilty precluded that.
Google has to settle, or they would have already put forth a work around, and would be using it now, to avoid future royalties. They have not.
Now rant and rave with negative one liners, so we can all put you on ignore......
--- If India falls in the courts to VRNG, then that will be the second court that has ruled against ZTE.
----China court was the first to rule against ZTE, in their own home country.
----Licensing and royalties for past and future use to follow.
----Austalian and European courts will folow suit.
----USA courts should follow suit, as the USPTO has already affirmed the validity of the two major patents, as well as the other courts mentioned above. This could be what the judge was waitong for, or it could be what Google was waiting for, to see how other coutries with ZTE rule first. Either way, the waiting game is almost over. MSFTY and AOL setteld.. PAY DAY is approaching.......
Held this for about a year. Short is at 19.5 million on 10/31, and BOUT 16 DAYS TO COVER. Manipulation should continue until Goog gives in and then bam, all 19.5 million will need to pay up, and quick. We could really hit 10-12 on a short squeeze
Still will hold this with the good news about ZTE case win in favor of VRNG. Should add heat for Google to cover and pay up to. Still no news of how much ZTE has to cover in cash, but if you read the article, it has VRNG , in May , offering to basiclally liscence out the two pats in exchange for some form of money, so ZTE does not have to re write its program in total, something Gog has claimed in vain, and only after they tried to invalidate the two pats and werer refused by the USPTO. Good things coming to the patient holders.
The short interest on ETAK has fallen Five fold since Feb of theis year, from a high of 3.78 million, to a low of under 700,000 as of 10/30 this year.
The smart ones have cycled out their shorts and are going long, as even today showed us during a briefe 10-11 cent down and return to the same 94 cents. Good news coming now that we have the UK banks on board, and more to follow, FICO - YESSS!!!!!!! Adeptra, US baks and more news to follow will keep ETAK above the dollar mark and set up a great darte I say it 10 bagger ??? Hope so flip