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InterDigital (IDCC +6%), which had 14.8% of its float shorted as of Nov. 30, is up on a down...

InterDigital (IDCC +6%), which had 14.8% of its float shorted as of Nov. 30, is up on a down day, thanks to renewed speculation about Google (GOOG) being interested in buying the 3G/4G patent holder (in spite of its pending acquisition of MMI). Nonetheless, InterDigital shares remain off sharply from their summer highs.
Comments (1)
  • Manoj Patel
    , contributor
    Comment (1) | Send Message
     
    Stay with this stock as it will hit 60 sooner than later. the way to make money in this stock is buy sell 45 puts for feb @ $5.25 .there is significant resistance at $40 in case it is allocated and as i expect it will stay around 45 for the first quarter and we should see a significant run up in 2nd quarter.

     

    i have been following this stock for 7 years and trading in it.

     

    Anybody who is very bullish can buy 60 feb calls at $1.20 as well from the sale of the puts to benefit from upside should it come earlier.

     

    i am associated with two Hedge funds.
    2 Jan 2012, 05:06 AM Reply Like
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