Monday, September 15, 2014

09/15/2014 Market Wrap

News:
ENIP released FQ3 2014 Results
MARA announced the release of OPUS Patent Analysis 
Platform
SITO added Joseph Beatty to the board of directors
TIVO announced a $200M convertible note offering
WILN announced a license agreement with Wincor
Filings:
CRDS 8K
ENIP filed FQ3 2014 10Q
ITUS 10Q
MARA filed an 8K disclosing the hiring a Chief Marketing
Officer - Daniel Gelbtuch.
Trading Commentary:
The sector traded very poorly along with the broad markets
closing down over 2% on the day.
Ticker $CHG %CHG  Volume      Closing 
Price
ACTG  $      (0.17) -0.96%         228,900  $17.55
BCYP.OB  $ (0.0010) -0.79%         329,500  $0.1250
CLGL  unch  unch  N/A   $2.22
COPY (ITUS)  $   0.0003 0.12%            82,900  $0.250
CRDS  $      (0.12) -4.53%         169,400  $2.53
DSS     $   0.0200 1.72%            92,700  $1.18
EDIG.OB  unch  unch            17,300  $0.0410
ENIP  $ (0.0120) -28.57%      1,864,100  $0.0300
INVT (EONC)  $      (0.08) -4.26%         183,500  $1.80
FNJN  $      (0.19) -4.27%              8,300  $4.26
IDCC  $        0.20 0.47%         312,400  $42.31
MARA  $      (1.01) -6.35%            82,000  $14.89
MGT  $      (0.13) -7.98%         244,800  $1.50
NTIP  $      (0.10) -4.48%              9,400  $2.13
OTIV  $      (0.19) -5.00%   20,047,100  $3.61
PCO   $      (0.12) -8.41%         194,400  $1.31
PPRO  unch  unch              2,500  $2.25
PRKR  $      (0.07) -5.09%         948,100  $1.31
PTNT  $      (0.01) -0.33%              6,900  $3.05
RMBS  $      (0.64) -4.91%         895,100  $12.43
SITO.OB  $ (0.0150) -3.75%              6,800  $0.39
SPEX   $      (0.04) -3.33%         592,200  $1.16
STRP  unch  unch            33,000  $9.80
TIVO  $      (0.31) -2.27%      1,553,800  $13.44
TSRA  $      (0.69) -2.41%         305,500  $28.12
UPIP  $      (0.02) -1.02%         218,400  $1.96
VHC   $      (0.48) -3.12%         363,200  $14.92
VRNG  $      (0.02) -1.95%      1,995,000  $1.0100
WDDD.OB  $   0.0200 9.52%      1,356,700  $0.2300
WILN   $      (0.10) -2.65%            67,800  $3.67

Thursday, September 11, 2014

09/11/2014 Market Wrap

News:
ACTG announced a settlement and license with Fujitsu
Networks under its Labryinth Optical subsidiary.
ITUS announced settlements with Atrium, Pella, Ply Gem,
and Simonton under its J-Channel subsidiary.
Filings:
MVP filed a new Investor Presentation
Trading Commentary:
The sector traded very well again today closing up 1.29%
after a big day yesterday.
INVT gave up some of its gains yesterday closing down 
10%.
MARA was strong all day again, hitting a new 52 week high
of $14.95 on almost 3X average volume.  Shares closed at
$14.77 up 5.8% on the day.
RMBS had a strong day on average volume closing up 3%.
Ticker $CHG %CHG  Volume      Closing 
Price
ACTG  $        0.25 1.45%         442,500  $17.52
BCYP.OB  $ (0.0010) 0.77%         240,000  $0.1290
CLGL  unch  unch  N/A   $1.90
COPY (ITUS)  $   0.0074 3.29%         226,800  $0.233
CRDS  $      (0.07) -2.49%            61,800  $2.66
DSS     $ (0.0100) -0.86%         115,400  $1.15
EDIG.OB  $   0.0010 2.44%            23,400  $0.0420
ENIP  $   0.0014 4.15%         269,200  $0.0351
INVT (EONC)  $      (0.22) -10.09%         492,700  $1.96
FNJN  $      (0.07) -1.58%              4,200  $4.37
IDCC  $        0.37 0.86%         296,500  $43.50
MARA  $        0.82 5.88%            92,400  $14.77
MGT  $        0.02 1.28%            83,700  $1.58
NTIP  $      (0.04) -1.82%              1,700  $2.16
OTIV  $      (0.26) -7.32%      5,899,300  $3.29
PCO   $      (0.05) -3.36%         172,900  $1.44
PPRO  unch  unch  N/A   $2.25
PRKR  $        0.06 4.80%         843,700  $1.31
PTNT  $      (0.01) -0.33%              6,800  $3.06
RMBS  $        0.40 3.21%         782,400  $12.86
SITO.OB  $ (0.0100) -2.38%              2,000  $0.41
SPEX   unch  unch         924,700  $1.24
STRP  $        0.09 0.92%            36,700  $9.83
TIVO  $        0.96 7.33%      4,741,200  $14.06
TSRA  $        0.14 0.48%         520,800  $29.13
UPIP  $      (0.06) -2.87%         381,200  $2.03
VHC   $        0.18 1.19%         186,900  $15.29
VRNG  $      (0.02) -2.09%         969,800  $0.9600
WDDD.OB  $   0.0030 1.56%            96,900  $0.1950
WILN   $        0.05 1.36%            24,300  $3.73

Wednesday, September 10, 2014

09/10/2014 Market Wrap

News:
ITUS announced a restructing of their convertible debt with
Adaptive Capital.
OTIV announced mobile payment solutions that support
older versions of Apple iPhones.
Filings:
ITUS debt restructuring 8K
Trading Commentary:
The IP Investment sector had a very strong rally after a 
disappointing day yesterday, closing up almost 2%.  It was
a very big day in a number of names.
CRDS closed down 6.5% on average volume after the 
company released FQ3 2014 earnings last night.
INVT had a very strong day closing up 26% on 14X average
volume.  Trading groups on twitter were extremely active
and believe the company holds NFC patents (I don't believe
they do).  It will be interesting to see the trading tomorrow.
MARA hit a new 52 week high of $14, closing right below at
$13.95 up 13%.  Volume was almost 5X average volume.
NTIP hit a new 52 week high at $2.23 on 4X average volume.
OTIV opened quickly to a new 52 week high of $5.00 up 40%
on extra high volume after this mornings press release.
Shares spent the rest of the day consolidating the move
closing up 7%.
VHC was strong after the court in E. Texas denied MSFT's
motion to stay the case and granted VHC's motion to 
file a Summary Judgment on invalidity.  Shares closed up
over 6% on 2X average volume.
Ticker $CHG %CHG  Volume      Closing 
Price
ACTG  unch  unch         401,400  $17.27
BCYP.OB  unch  unch         754,200  $0.1300
CLGL  unch  unch  N/A   $1.90
COPY (ITUS)  $ (0.0100) -4.26%         120,700  $0.225
CRDS  $      (0.19) -6.58%         164,200  $2.73
DSS     $ (0.0700) -5.69%            95,900  $1.16
EDIG.OB  $   0.0005 1.23%         224,800  $0.0410
ENIP  $ (0.0078) -18.80%      1,282,700  $0.0337
INVT (EONC)  $        0.46 26.74%      1,902,600  $2.18
FNJN  $        0.23 5.46%              4,500  $4.44
IDCC  $        0.72 1.70%         431,600  $43.13
MARA  $        1.61 13.05%         148,300  $13.95
MGT  $      (0.02) -1.27%         106,500  $1.56
NTIP  $        0.10 4.76%         109,100  $2.20
OTIV  $        0.23 6.93%   32,349,800  $3.55
PCO   $        0.01 0.68%         103,700  $1.49
PPRO  unch  unch  N/A   $2.25
PRKR  $        0.01 0.81%         722,400  $1.25
PTNT  $        0.02 0.66%            10,900  $3.07
RMBS  $      (0.05) -0.40%         445,300  $12.46
SITO.OB  unch  unch              9,200  $0.42
SPEX   $      (0.08) -6.06%      1,186,400  $1.24
STRP  $      (0.07) -0.71%            29,900  $9.74
TIVO  $      (0.09) -0.68%      2,198,900  $13.10
TSRA  $      (0.14) -0.48%         400,700  $28.99
UPIP  $        0.08 3.98%      1,616,200  $2.09
VHC   $        0.95 6.71%         860,600  $15.11
VRNG  $      (0.02) -1.56%         914,400  $0.9805
WDDD.OB  $   0.0020 1.05%            44,500  $0.1920
WILN   $        0.07 1.94%         107,000  $3.68