Consider the one year chart
posted on
Feb 23, 2009 05:54PM
Three rallies...
1) on news of 7 infringers being announced (THE PROMISE)
2) on news of an early settlement #1 (THE FIRST KISS, but will it last?)
3) on news of triple settlement week and reality setting in that this is going to continue (WELL BEYOND SECOND BASE, about to ROUND 3RD and HEAD for HOME, and we're just in the first inning)
The base being formed on the chart this time is higher than previous formations over the past year....no real retrenchment seen, and for good reason....the story is real and not yet out there for public consumption. It's still a chat room phenomenon...but that will change if Fred plays the cards right.
EDIG has been bucking the trend for a year, but retrenched on uncertainty, unknowns, etc, but now with triple settlements and more expected this has become much less an unknown and more and more looking like a solid play.
Over 180 infringers and only 6 accounted for in the form of cash settlements.