Patent stocks are in the news Tuesday after President Obama unveiled a series of executive actions and legislative proposals aimed to curb a practice that some call "patent trolling." Patent firms such as Vringo (VRNG), Acacia Research (ACTG), and VirnetX Holding Corporation (VHC) are down 3-7 percent in early trading.
Whether Obama's plans have any long-term effect remains to be seen. The relatively muted declines would appear, at first glance, to reflect traders "trading the news" in rather heavily shorted stocks (VRNG, for instance, has about 23 percent of its float sold short) rather than investors showing real fear about the business model of intellectual property monetization.
One stock that has...
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