Vringo, Inc. (NASDAQ:VRNG)

CAPS Rating: 3 out of 5

Recs

2
Player Avatar TSIF (99.96) Submitted: 10/4/2012 1:00:38 PM : Underperform Start Price: $5.31 VRNG Score: +24.18

A downthumb on Vringo, Inc after it's two day run could be dangerous. "Runs" often come in three day increments, but measuring the volume/float/rise puts my metrics here at mid-day $5.30. (although I tried for $5.50, but the CAPS system must not have "ticked" it on it's variable scans).

I'm glad to see the share price above $5 as here in CAPS world there is more safety from a continued runaway putting negative points in the bank vault that I have to wait for the rebound/fade to get back.

Vringo, Inc is a small cap company who uses it's shares as an ATM machine to keep the lights on and buy a new suit for it's lawyers who really need to notch it up when you're suing a company of Googles size and stature over patents that have been in play for several years. The lastest spike was due to the court dening Googles claim of "summary judgement". The claim was a standard practice and denial should have been expected. The real court date starts October 16th, (at least the next phase).

There is no point arguing about/with those buying company shares after a 70% two day runup on expected news. The game here is purely a specuators, daytraders, pumper lovefest, with the question of who will still hold the shares when/if this crashes due to an early failure, or who gets bored when this goes into extra innings, (of which there are likely to be many).

In the meantime, this is Vringo's hail mary, and with ZERO income and no other potential for any, Vringo will continue to issue shares. Many for free, some to keep the lights on. Every goliath has a weak spot, but daydreaming or speculating your money, after a runup is generally fatal. I'm not a lawyer, but I've watched these cases before. If Google feels threatened they will toss a bone at Vringo, Inc. heck, it might be cheaper than new suits, but even in this rare unlikelihood, it won't be the "BILLIONS" dreamers are pushing. It won't be the current market cap....

Report this Post 8 Replies
Member Avatar topinvestorkyle (< 20) Submitted: 10/9/2012 1:53:00 PM
Recs: 0

Mark C. must have been a dreamer when he built his 2bil dollar empire. You keep working on your grammar and leave the stock picks to us dreamers.

Member Avatar TSIF (99.96) Submitted: 10/9/2012 2:08:42 PM
Recs: 1

Thanks for your constructive input. Feel free to stop back in when you have something constructive to say. Welcome to CAPS. You might also work on some stock picks so you can show us the right way to do it publically.

Until then, keep working on your ad hominem so you can feel better about yourself when you're dreaming.

Member Avatar topinvestorkyle (< 20) Submitted: 10/9/2012 2:18:05 PM
Recs: 0

I dont see any 2 bil dollar portfolios advertised here, oh wait you would have to look toward Mark C. For that.

Member Avatar TSIF (99.96) Submitted: 10/9/2012 2:18:45 PM
Recs: 1

PS topinvestorkyle (nice name, tops at what?)....I just saw your reply on the article Brian hashed together using my pitch.

http://www.fool.com/investing/general/2012/10/09/1-star-stocks-poised-to-plunge-vringo.aspx

"It wasnt just 45 million they raised it was 45 million from 5 investors and that speaks volume eat crow little man 20.00 per share soon"

That's an excellent example of good grammar! I really hope I can be better at both investing and grammar per your examples.

Member Avatar topinvestorkyle (< 20) Submitted: 10/9/2012 2:43:19 PM
Recs: 0

It looks like we might come out on top. Good day thank you VRNG for the opportunity. The trail was set so if this didnt go our way there was always our court date to fall back on. It sounds like a victory for the dreamers.

Member Avatar TSIF (99.96) Submitted: 10/9/2012 4:34:56 PM
Recs: 1

If they don't settle out of court at some point, there will possibly be many, many court dates. If they do settle out of court Mark C and the 9 investors need a lot less than the retail investor does to come out ahead. Assuming they didn't sell some into the full float turnover. Retail investors can hold on for the next round of lawsuits although I doubt sueing a Chinese company will be productive.

Stick around Kyle either way. Why didn't you pick VRNG in your CAPS calls??

Good luck.

Member Avatar osiris2600 (62.43) Submitted: 10/10/2012 3:18:31 PM
Recs: 0

I picked.. This should be interesting :D..

Member Avatar TSIF (99.96) Submitted: 10/10/2012 3:40:48 PM
Recs: 1

You got it at peak before the bogus rumors that ran it up and down yesterday, so you have some ground to make up! ;)
I don't see Google settling pre-trial for much of a premium and trial would go LONG with probably appeals, but if they do settle it should be more than $6 and give them money to chase the Nokia patents. Nice Spec play...if you don't score a new pick "high", then I should be able to weather it if I'm on the wrong side of the trade!

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