5/27/2014 Market Wrap

News:
WILN approved a share buyback plan of up to 11.6M shares or 10% of
the shares publicly outstanding.
Filings:
Nothing to Report
Trading Commentary:
The IP investment sector was up very strongly with many stocks seeing
abnormal high volume.  I have completely mis-evaluated the likely
sector response to patent legislation being shelved at the senate.
I thought there would be a small pop, which would be quickly sold into
as the sector has been pressured almost all year. The last real question
mark for the overall sector is the final decision on software patents at
SCOTUS, which we should see sometime in June. I am still very bullish
on many IP investments and the entire sector, which I see many good
risk/reward opportunities that are essentially followed by no one.
While I mis-evaluated the sector, I was probably overly exposed to it &
my portfolio has taken a drastic turn positive during the past two weeks.
CRDS closed up 8% on average volume after the news this morning.
DSS closed up 9% on 3X average volume, after being near 52 week lows
after the earnings release.
EONC closed up 7% on above average volume.
MARA made a new 52 week high, closing up 7.6% on above average
volume.
OTIV closed up 7.5% on 2X average volume.
PRKR closed up 5.7% on average volume after a bullish seekingalpha.com
article was published.
SPEX closed up over 96% on 44M shares with multiple trading groups
very active today on twitter.  The volume is stunning, trading almost 4X
the current O/S and almost double the fully diluted count.
VRNG closed up 4.28% on above average volume after the recent laches
SCOTUS decision and submission to the CAFC.
Small rant:
I am not a licensed investment professional and cannot give buy/sell
recommendations and don't.  I analyze the risk/reward proposition and
only really comment if I like it or not.  I am very vocal in my support &
involvement with many companies, often dominating the ticker feed
on twitter with no one else posting.  I post commentary on the real time
news flow.  I AM NOT PAID BY ANYONE.  While my commentary can be
very critical (And Wrong), it is almost always at least fair and based on facts.
When I post that I like the risk/reward of a company and am emphatic
the company is not broken, but the stock price is and I see an opportunity,
it might be a good idea to do some research on the company or reach
out to me privately.  When the stock is up almost 3X from levels I thought
the risk/reward was attractive, do not ask me for a soup to nuts evaluation
of the investment.  This seems to be a re-occurring theme.
Two things rustle my jimmies, the above and writers/investors/traders
trying to guess at valuations and price targets comparing pre-revenue risky
patent investments to those who have secured jury verdicts
and settlements. Company managements,  writers and investors that try
to cover the IP space, need to STOP doing it.
Ticker	$CHG	%CHG	Volume	Closing
				Price
ACTG	$          0.80	5.32%	318,600	$                       15.87
BCYP.OB	$   (0.0090)	-9.09%	644,700	$                       0.090
CLGL	unch	unch	N/A	$                     0.0200
COPY.OB	$   (0.0185)	-5.76%	368,100	$                     0.3025
CRDS	$          0.18	8.37%	70,100	$                          2.33
DSS	$          0.12	9.09%	985,500	$                          1.44
EDIG.OB	$   (0.0011)	-2.16%	137,300	$                     0.0499
ENIP	$      0.0002	0.43%	10,200	$                       0.047
EONC	$          0.25	6.94%	349,700	$                          3.85
FNJN.OB	$        (0.22)	-4.37%	24,400	$                          4.70
IDCC	$          0.21	0.56%	244,200	$                       37.92
MARA.OB	$          0.65	7.60%	53,800	$                          9.20
MGT	$        (0.01)	-0.78%	118,300	$                          1.28
NTIP	$          0.07	4.05%	128,300	$                          1.80
OTIV	$          0.17	7.46%	465,000	$                          2.45
PCO	$          0.06	3.77%	330,000	$                          1.65
PPRO	$        (0.05)	-1.54%	11,300	$                          3.20
PRKR	$          0.27	5.78%	578,500	$                          4.94
PTNT	$          0.07	2.20%	700	$                          3.25
RMBS	$          0.21	1.79%	554,200	$                       11.97
SITO.OB	$      0.0100	2.44%	14,500	$                       0.420
SPEX	$          1.46	96.69%	44,714,400	$                          2.97
STRP	$        (0.11)	-1.14%	106,100	$                          9.50
TIVO	$          0.07	0.57%	1,833,300	$                       12.26
TSRA	$          0.53	2.36%	447,900	$                       22.97
UPIP	$        (0.05)	-2.28%	1,113,700	$                          2.14
VHC	$        (0.23)	-1.48%	504,100	$                       15.28
VRNG	$          0.14	4.28%	6,409,000	$                          3.41
WDDD.OB	$   (0.0060)	-4.29%	43,000	$                     0.1340
WILN	$          0.09	2.96%	232,100	$                          3.13