VHC is suing AAPL for patent infringement, asking for more than $700 million, plus royalties going forward ($6.00+ per iPhone). Admittedly, I’ve been nervous about the trial, especially since VHC is my largest position and if they lose–the stock is likely to be hammered into sawdust.
From what I gather, the trial is going extremely well for VHC (we have spies on the ground). They tar and feathered AAPL’s expert witness, Dr. Kelly, getting him to admit he’s been paid in excess of $6.5 million for his testimonies.
If you are wondering why VHC’s technology is so important, just imagine having to login every 2 minutes, when using your AAPL products.
VHC’s lawyers actually got Dr. Kelly to admit that logging in every 5 minutes would be very burdensome, before revealing that it would require login entry every 2 minutes, effectively making him look like a paid jackass.
The stock has been sucking wind this week because longs are nervous. You can’t blame them, forced to place their financial futures into the hands of a jury is a bit much. However, what’s interested to see is short sellers holding firm into what can be a catastrophic event for them.
Nearly 40% of the shares are sold short and short sellers have unlimited downside. If VHC wins, which is likely, the share price will likely gap higher by 50%–zeroing out a whole generation of overzealous Herb Greenberg groupies.
You have to ask yourself, Mr. Short Seller, are you feeling lucky, punk?
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Nothing in the market will be settled for me until after Tuesday’s election. I will not invest one dime until I see if the USA will be plunged into darkness under the traitor in the WH or not.
http://www.wnd.com/2012/11/obamas-benghazi-investigator-tied-to-libya-bombing/
JERUSALEM – The Obama administration’s lead investigator into the Benghazi attack, former Ambassador Thomas Pickering, previously held clandestine meetings with Hamas aimed at opening U.S. dialogue with the terrorist group, according to informed Middle Eastern security officials.
Sources within Hamas previously disclosed to WND the June 2009 meeting. The gathering allegedly took place in Geneva with two Hamas leaders, Bassem Naim and Mahmoud al-Zahar. Naim is Hamas’ health minister, while al-Zahar is one of the main Hamas leaders in Gaza.
Pickering is further tied to the revolutions in the Middle East and North Africa through his role as a member of the small board of the International Crisis Group, or ICG, one of the main proponents of the international “Responsibility to Protect” doctrine.
The doctrine is the very military protocol used to justify the NATO bombing campaign that brought down Moammar Ghadafi’s regime in Libya.
Gareth Evans, president emeritus of the ICG, is the founder and co-author of the doctrine.
Billionaire activist George Soros is on the ICG’s executive board. Soros’ Open Society Institute is also one of only three nongovernmental funders of the Global Centre for the Responsibility to Protect, the group that devised the doctrine.
adjust the dosage accordingly. you need further psychiatric help.
I know, huh? I can’t believe these idiots letting themselves get all upset about our commander in chief giving aid and comfort to the enemy, then allowing our ambassador and crew to be liquidated to cover it up. Just take your damn pills like you’re supposed to and forget about it already, geez! Let’s MoveOn.
Nice one. The 0 drones are fucking scary with their stock replies to ANY criticism of the dear leader.
High surf…. Blow me….
We will know real quick when PA, VA, OH and FL all go in Romney’s favor. Election over. Even CNN will have to admit defeat, although they will wait the longest until declaring a Romney win.
can’t vote for anyone suffering from Romnesia……….
That wasn’t even clever the first time demoncrap staffers coined it. Its certainly not funny after the 10 millionth repition of the term you unoriginal gasbag
Lol wtf I remember CNN with over 99% of the vote in and a clear victory “projecting” a win in some state. Nice “projection”.
http://www.mlive.com/opinion/muskegon/index.ssf/2012/11/david_kolb_stirs_reader.html
Romney is certainly no peach but the fact that he is running neck and neck with the 0 should any sentient being with a modicum of discernment how badly the current White House occupant is despised.
Is it crazy? I’m not so sure. Judge for yourself. Come Tuesday America will and I believe we will see Romney the new president elect and $ANR with a pop to the upside (FD: I have no position myself):
“Obama gift-wrapped Libya, handed it over to Al-Qaeda, and we can prove it.”
http://www.shoebat.com/2012/11/03/libyan-leaks-obamas-gift-to-al-qaeda-libya-itself/
By the way, even though I think Romney will win and some Coal Companies, according to logic and reason, might just go higher on that win, in my opinion I would still sell immediately if I was lucky enough to make any profit (note: I’m not long coal or coal stocks rt now) as many of the coal companies look awful – not to mention the economy in general. In any case as we all know, the market does not always act ‘logically’ . I am therefore sitting things out until I see a bit more clarity.
Herb vs. Fly
The new buzzword “Revenge”. Seems to fit this trade well. Long VHC for the win.
The leftard media is still pumping bad polls and a obvious 0 win. This clusterfuck must have a purpose.
Meanwhile Michigan and Pennsylvania is now even
Are you ashamed that your mother’s a whore?
The only question in my mind is: “If you can’t beat em’ cheat em'”.
We pretend its not possible while we watch the fast and furious and the Benghazi youtube double feature.
Fantastic post, le Fly. Great to hear that you think a VHC win means +50% increase in pps. I’ve read too much discussion that even a VHC win would spell a “sell the news” event and would be further muted because of an Apple appeal. Does the Devil know who the F these shorts are and what the fuck they’re thinking? As a VHC long, I readily admit I’m a river boat gambler holding thru trial, but what about them, who are having to borrow at OBSCENE rates to short this stock? WTF is it that they know? Do they think they will still be able to control this thing, even after a VHC win in court?
What do you mean by obscene rates?
It costs something like 41% annual interest to borrow VHC shares to short. Someone please correct me if I’m wrong.
Wow, where can you find these borrow rates? Was thinking of shorting TLT soon so I should check on this.
http://www.investorvillage.com/smbd.asp?mb=8852&mn=31743&pt=msg&mid=12259365
Special song for Frog.
http://www.youtube.com/watch?v=34lzVa8fmH0&feature=related
I expect to wager in this risky investment, I can lose 50% or gain 50% without much trepidation
50/50
No one speculates better than The Fly! Admittedly he wins way more than he ever loses!
I’ve been taking a good look at my portfolio and for the last 2 years I’ve been doing nothing more than spinning my wheels and getting no traction. For every home run I have had there was an OSG in the mix eliminating any gains! I’m starting to take a different approach to what I am buying nowadays. I am trying to be less speculative and more of a long term investor. Too often I have been selling winners and holding on to losers when I should have been doing the opposite.
A classic example is that back in 2008 I had purchased 1000 shares in APPL that I bought in the $90.00 range. After making a solid couple of thousand dollars I sold it thinking that I did pretty well for a short term investment. If only I had held on for 4 more years I would have been up over 1/2 a million fucking dollars on a $90,000 investment!
Loser!!!
Three stocks that I purchased lately for the long term are MSFT, DDD and GNRC.
Of these, MSFT is the only one paying a decent dividend. MSFT is finally about to make huge gains with the launch of Surface, Windows 8 and Windows 8 phone.
DDD hit an all time high last week. It got hit pretty hard on Friday down over 6% but the whole market was down and I’m pretty sure that there was some profit taking going on. It’s a huge high growth company with huge profits and they just guided higher. This stock is up 195% in one year! It could be the next APPL, you never know!
GNRC is trading at a very low P/E of 7.08. They went public in Feb. 2010 and their stock is up 156% since then!
I know that Hurricane Sandy has given this stock a real boost but earnings growth was great even before this unfortunate event.
VHC is highly speculative but has a huge risk reward and occasionally I will still delve sparingly into stocks such as these.
Good night and good luck!
Good approach Jtu
Oprah places Surface tablet in “Favorite Things” list for 2012 http://www.geek.com/articles/gadgets/oprah-places-surface-tablet-in-favorite-things-list-2012114/
Obviously you were joking about the next AAPL. DDD is high growth but already is 2.3bil market cap 9x book that has had a monster run. One should be buying real blood in the name if one believes it will continue explosive growth. Seems likely.
Real blood = up to 50%. Momo stocks are crazy that way.
Stocks are looking good long term. 2000 and 2007 top and 2002-2003 and 2009 bottom. Stocks caught in range lately but could explode higher.
Take like the pace Dow was on in 2000 or in mid 90s or 2007 or 2004 long term and apply it to the price at the time until the year 2020 or something.
Stocks have a lot of lost ground to make up during this sideways action.
I think capital will migrate from the bond markets into stocks as well.
Bt the 45% capital gains tax increase and 2013 budget crisis could cause some short term pain.
Not like it matters, but I can’t believe this trial will be resolved before Wednesday. And, if so, it must be a campaign ad. I mean, five minutes / two minutes, puhleez, what is the real difference? Averaging up is normal.
intrade says 66% odds that Romney loses
http://www.intrade.com/v4/misc/scoreboard/
That is irrelevant.
http://en.wikipedia.org/wiki/Bookmaker
“By adjusting the odds in his favour or by having a point spread, the bookmaker will aim to guarantee a profit by achieving a ‘balanced book’, either by getting an equal number of bets for each outcome, or (when he is offering odds) by getting the amounts wagered on each outcome to reflect the odds.”
All that can be said about intrade is that more people think 0bama will win than they do Romley.
Just means there’s lots of money tied up on the Obama bet. Could just be one person or a small group skewing the averages.
Sounds like people are using their spare “change” on “hope” to me… Hope is never a good investment strategy.
A better bet than VHC!
Banned?
Yeah and what percentage of the money being wagered is that of obama-worshipper George Soros? Intrade is irrelevant garbage.
I present my case as follows for the broad market indices.
Bear Trap failure morphs into Black Monday II.
Who’s with me?
The state of Mass is gonna elect a candidate that says it is native american but is not native american. This is fucking insane. How the fuck does anyone vote for some one that is either delusional or clinically retarded? What is going on here? The candidate is not native american. Wtf happened to the northeast?
Go ahead lie about policy about how you will not fuck shit up in office. But. Lie about what you are as a human?!? That is fucking crazy!! Mass deserves what it will get. No fucking doubt.
And we have a candidate running who evades taxes, flip flops like a flounder on the poop deck, dodged the draft repeatedly, wears magic underpants, has a Cayman bank account, and has had more Botox shots to his face than Zsa Zsa Gabor.
This is fucking insane. How the fuck does anyone vote for some one that clinically nuts? What is going on here?
You know they are arguing about Elizebeth Warren, not discussing the presidential candidate, right?
But…
Evades taxes? No uses the law legally in his favor. We have something called the IRS. It’s their job. If you don’t trust their ability to review tax records, perhaps more government isn’t the answer.
Draft dodges? First vietnam wasnt exactly a fight that many pele saw as serving their country, their was no reason to be there, nevertheless, The country was cutting troop levels by the time he became eligible for the draft, and his lottery number was not called. Previously he was engaged in mormon missionaries which may have effected his draft status/priority. The fact that his religion is as or more important than fighting an unplugs war shouldnt exactly discredit him.
Having a Carmen bank account? It’s called recognizing the flaws in the tax code in the US and making a superior financial decision, hence why raising taxes on the rich is an inadequate economic plan. Capital can move overseas and people can move and tax payers can use the underground economy and the upper class uses the legal income streams (usually) while the lower class and middle class may turns toward mostly illegal income streams not subject to taxes (everything from tax evasion, having a babysitting job, to dealing drugs).
If you were Mitt Romney and could avoid paying millions in taxes by paying money to charity and moving money overseas, would you? Of course, you are lying to yourself if you suggest otherwise.
Botox? Maybe. He is a politician so you expect him to be lazy/unattentive to details and not to produce a good image and try to win votes just like Obama tries to win votes by bchanging his accent depending on who he talks to.
Lying about nationality is fraud.
Lol fucking iPad autocorrect *people not pele
*Cayman nor Carmen
*changing not bchanging
What do you expect from the state that puts in Barney Frank more years than most dictators are in office?
I would have thought this was a politics blog
Jim Cramer predicted that 0bama would win the presidential election with 440 electoral votes..
http://www.washingtonpost.com/wp-srv/special/opinions/outlook-crystal-ball-contest/
WTF, how can he possibly think thats even remotely close. Is Obama going to take Texas, Louisiana, Tennessee and all the swing states?
Sir Fly, if the lawsuit goes in favor of VHC, how do you think it will affect Aapl? I doubt the 700 million will be much of an issue for them, but $6 per phone seems like it could be a serious problem over the long term. Since Aapl is one of your thesis plays, do you see a VHC win as a game changer?
right, I’m sure that AAPL wouldn’t consider doing something like passing the cost on to the consumer…
If VHC wins, the idiot corporate execs at aapl will be elated. If VHC loses, as it should for corruption, the minds and hearts behind the apple product will be happy. Money doesn’t really matter, not even to VHC. They get a cut for every iTunes purchase, but it’s really a slice of the data mine that makes them interested in recording each transaction, the fee is nominal, at most, icing, for them.
Aapl execs will be elated with a VHC win? Do explain..
Because this means that Obama is going to be elected.
In case one is not accustom to my tendency to bring absurdity full circle, please note my concerted effort to meet the level of rationality displayed here, daily, on this blog commentary.
How the fly can sit and read this drivel, is beyond me.
drugs are not good.
Of course they would. Hat doesn’t mean it won’t hurt their business.
You are right, business will be preserved. They’ll continue to serve the lower class with cheaper product prices, having saved money losing VHC; and lower demand will also positively affect prices for consumers. Additionally, with no further need, neigh, ability, due to the loss of VHC, to tap into low-value, and, at any rate, unsalable data, they’ll be a common company, selling their product, until the pool of cell-tower, service providers dries up.
i’ve put my order ( open market ) in the case the jury news comes in during markets time , on a the first big block volume 2+% up