Thursday, May 29, 2014

5/29/2014 Market Wrap

News:
CRDS filed for a $25M mixed shelf, which looks priced at $2.25
SPEX announced a $20M cash raise issuing 10M shares at $2.00
Filings:
Nothing to Report
Trading Commentary:
The IP sector was slightly down today and did not rally in conjuntion with
the broad market.  The space might be taking a breather after being very
strong all last week and earlier this week.
SPEX traded down 40% after announcing a capital raise for 10M shares at 
$2.00.  The company was probably smart doing the raise into recent strength
, which I am sure trapped many momentum trading groups trying to swing
trade the volatility. 
VHC closed up another 3% at the HOD with some pretty strong volume 
coming in the last hour of trading.  I am aware of no news.
VRNG closed up 2% near the HOD, reversing pretty hard on volume after
being down all morning. 
Ticker $CHG %CHG  Volume      Closing 
Price
ACTG  $      0.1100 0.0068                296,600  $                       16.37
BCYP.OB  $      0.0041 3.91%                  97,100  $                       0.109
CLGL  $      0.0020 9.09%                        600  $                     0.0240
COPY.OB  unch  unch                100,300  $                     0.2800
CRDS  $          0.02 0.81%                  51,500  $                          2.49
DSS     unch  unch                140,800  $                          1.40
EDIG.OB  $      0.0003 0.67%                105,600  $                     0.0454
ENIP  $      0.0020 4.08%                     9,600  $                       0.051
EONC  $        (0.24) -6.78%                193,700  $                          3.30
FNJN.OB  $        (0.30) -5.71%                  11,100  $                          4.95
IDCC  $          0.38 1.00%                376,500  $                       38.30
MARA.OB  $          0.05 0.55%                     3,800  $                          9.15
MGT  $          0.03 2.33%                  15,100  $                          1.32
NTIP  $        (0.03) -1.73%                  60,900  $                          1.70
OTIV  $          0.06 2.50%                  59,000  $                          2.46
PCO   $          0.02 1.20%                230,900  $                          1.69
PPRO  $          0.01 0.31%                  11,400  $                          3.19
PRKR  $        (0.09) -1.75%                508,900  $                          5.05
PTNT  unch  unch  N/A   $                          3.25
RMBS  unch  unch                692,100  $                       11.95
SITO.OB  $      0.0200 5.26%                  68,900  $                       0.400
SPEX   $        (1.39) -40.17%          22,037,600  $                          2.07
STRP  $        (0.06) -0.62%                  80,400  $                          9.60
TIVO  $          0.03 0.25%                806,200  $                       12.02
TSRA  $        (0.03) -0.13%                413,900  $                       22.78
UPIP  unch  unch                236,200  $                          2.17
VHC   $          0.50 3.18%                540,600  $                       16.20
VRNG  $          0.07 2.13%            3,015,100  $                          3.35
WDDD.OB  unch  unch                  44,100  $                     0.1350
WILN   unch  unch                  38,000  $                          3.13

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