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Shares of Star Scientific (CIGX) march another 5% higher premarket after a nifty 35% gainer...

Shares of Star Scientific (CIGX) march another 5% higher premarket after a nifty 35% gainer yesterday. The buying frenzy is tied to speculation the firm will settle a patent case with R.J. Reynolds (RAI) now that a judge has been appointed to the case for discussions between the parties.
Comments (4)
  • FWS
    , contributor
    Comments (136) | Send Message
     
    It is no longer speculation that R.J.Reynolds will have to settle this lawsuit. When the patents were upheld last Fall, that was the end game for R.J.Reynolds and other big tobacco companies. There will be a large cash settlement and royalties involved. The only question I would ask is why has there been such a large short position in a stock that has a small upside and a rather larger downside?
    28 Jan 2012, 02:43 PM Reply Like
  • 32579
    , contributor
    Comments (3) | Send Message
     
    You must have that upside down!
    6 Feb 2012, 07:36 PM Reply Like
  • FWS
    , contributor
    Comments (136) | Send Message
     
    Don't tell me you are short.
    21 Feb 2012, 08:27 PM Reply Like
  • dreric
    , contributor
    Comment (1) | Send Message
     
    IMO the overlooked positive news is their agreement to market their food-grade anatabine through GNC. Once word gets around about this anti-inflammatory's health effects, sales will take off.
    23 Feb 2012, 10:29 AM Reply Like
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