The Babe's Trades

[billyjoe]

I'm the treasurer of our local historical society. Around the turn of the century some ner-do-wells attempted to rob the local bank. Upstairs, at the phone exchange, the all night phone operator aged 14 slept on a cot. The bad guys gagged her, tied her up, and tried to dynamite the bank vault but it didn't work. They left town and were never caught. The girl lived to her 90's dying in the 1980's. Too bad nobody recorded her version of the crime. We do have the newspaper stories. Imagine today a 14 year old working the midnight shift alone . Times have certainly changed.

----------------billy

[billyjoe]

River, Was just thinking about VRNG as the sound of a phone ringing. My daughter, 24, was raised on technology and keyboarding before she could write. I showed her our old dial phone we keep in a file cabinet. She had no idea how to dial it or use that old funny machine.

------------billy

[riverbabe]

A little twitter humor:

Breaking: $VRNG ticker symbol changed to $HALT for convenience.

[riverbabe]

Billy

This guy has been reporting from courtroom last few days. Yahoo MB. Reliable.

Trial Update November 6th: Court in session & jury will be deliberating as of 10AM this morning
By edvacourt . 2 minutes 20 seconds ago . Permalink
For those concerned about how the election will effect the trial today I assume since Judge Jackson made no mention of it when he dismissed the jury yesterday he asked that they vote before 10AM or after lets say 5:30PM today if they haven't reached a verdict...which I don't think is likely. I expect a verdict based upon what I have witnessed by 3PM today. I think this will be a very good day for Vringo as I expect a significant damages award (over $110M and maybe as much as $160M) and a running royalty which paves the way for Jackson to award (possibly in the next couple of days if not today) what I think will be another $550-700M for VRNG based upon a flat growth number for GOOG which appears low as some estimates show 30-40% growth (My opinion here only folks). Who knows...maybe we walk into the courtroom today and find that Google has settled. I think that would be the smart thing but I am not witnessing what I think of as supreme wisdom from their side. I might add that I don't fault their attorneys for this.

[riverbabe]

River, If the short holdings of VRNG are as high as it appears those folks may be royally screwed. Talk about indigestion ! I sold my son's F that was doing nothing to buy VRNG at 3.19. A sell at the open will give him a nice profit unless things quickly reverse.

-------------billy

Good thinking billy. I think court begins at 10AM. I have sell orders in at 6.88 and 7.88 trying to catch a short-squeeze gap up if it happens and will adjust these as necessary. No stops on the down side because they are useless. Trying to remember to breathe and not make mistakes.

[billyjoe]

River, If the short holdings of VRNG are as high as it appears those folks may be royally screwed. Talk about indigestion ! I sold my son's F that was doing nothing to buy VRNG at 3.19. A sell at the open will give him a nice profit unless things quickly reverse.

-------------billy

[riverbabe]

River, Getting better all the time.http://seekingalpha.com/article/9800...a?source=yahoo

Musical interlude : http://www.youtube.com/watch?v=CXkokyBlktA


----------------billy

:

[billyjoe]

River, Getting better all the time.http://seekingalpha.com/article/9800...a?source=yahoo

Musical interlude : http://www.youtube.com/watch?v=CXkokyBlktA


----------------billy

[billyjoe]

River, You're one cool chick !

------------billy

[riverbabe]

Extended trading VRNG at 4.03. One of my sons is up 26%. Just a couple bucks more.

-----------billy

With a huge stake I am sleeping well and am not worried.

[billyjoe]

Extended trading VRNG at 4.03. One of my sons is up 26%. Just a couple bucks more.

-----------billy

[riverbabe]

OMG!!! Modernist, the ultimate naysayer on $VRNG is now saying "I hate to say it, but Vringo is now a buy."
http://seekingalpha.com/article/9736...ringo-is-a-buy Now sticking my neck out further with full complement of 10k shares av. 3.35.

[riverbabe]

This is interesting -- someone just got copies of the slides used by VRNG in the trial. Posted on Twitter: https://docs.google.com/file/d/0ByyR...azQ/edit?pli=1

[riverbabe]

Just in case, I have sell limit in for half at 6.88 and half at 8.02. If it looks like higher, I will modify as quick as I can. At least, that's the current plan...to be reconsidered at end of day in case of after hours announcement, or continuing into Monday. If I were on the jury, I would prefer it's done today if possible. Fingers crossed for us billyjoe. (If this works out, maybe we could all try Vegas next. Just kidding. Yikes!)

[riverbabe]

River, Let's assume VRNG wins at least 60 mil. This victory would mean they are heavy favorites in their other lawsuits. You'd have to think most or all of the other suees will settle without a trial. Hence, a steady stream of income via many lump sums over a period of years 2012-2016 . We may have to hold this guy for a couple years. Maybe when the $$ starts flowing the stock will pass $6 or they'll get bought out and we'll all be happy. Problem solved...........in my mind.

-----------billy

I'm not in this long term. I'm looking for a quick-lived big pop and rapid drop. But I totally agree with what you've said here. I will buy again for long term. There are good COMMENTS in link here. Especially someone who reports on VRNG's closing arguments near bottom of comments. Today's the day to be really alert for news. BTW, it's been great to have someone like you to share all this with. Thank you!

http://seekingalpha.com/article/970221-vringo-vs-google-what-to-watch-for-in-the-jury-verdict