Tuesday, May 20, 2014

5/20/2014 Lunch Update

ACTG just filed an 8K disclosing a settlement with IKANO under its Brandywine Communications subsidiary.

EONC continues to trade higher up 22% on high volume.  The trading groups on twitter are really creating volatility with an early morning halt. Shares hit $4.95 at one point in the morning.  I wish this activity would stop as it creates a mess for long term shareholders and management.

The rest of the sector is mostly red trading in conjunction with the market.  I am not seeing much news in the space and think if the market starts to firm up again we could see another strong rally in the IP sector.

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