After a volatile day featuring trading volume over 5x higher than average, Vringo (VRNG -18%) closed with big losses, as trading ended without a Google settlement announced. A short-lived afternoon rally was attributed to a report of a settlement that would up being discredited, though some remain intrigued by the fact the Vringo-Google trial (set for an Oct. 16 start) no longer appears on a court docket. The fact Vringo's stock offering closed today may have contributed to the volatility. [View news story]
It is dirty how they pump up the news about court date and settlement to get people to buy and then they sell.
After a volatile day featuring trading volume over 5x higher than average, Vringo (VRNG -18%) closed with big losses, as trading ended without a Google settlement announced. A short-lived afternoon rally was attributed to a report of a settlement that would up being discredited, though some remain intrigued by the fact the Vringo-Google trial (set for an Oct. 16 start) no longer appears on a court docket. The fact Vringo's stock offering closed today may have contributed to the volatility. [View news story]