VHC Shares Rise More Than 89%
António Costa | Feb 04, 2016 03:50AM ET
After a 30% climb during trading hours on Wednesday, VirnetX Holding Corp (N:VHC) shares rose more than 89% in after-hours trading after a Federal jury has ordered Apple (O:AAPL) to pay $625.6 million in damages and royalties to VirnetX Holding Corp. for violating patents. I used this opportunity to take profits. Congratulations once again to everyone who was able to take part in this profitable trade. My patience paid off in a big way. I own now just Vringo Inc (O:VRNG) in this field and will probably add more shares this morning. Above you can see the weekly chart of VHC with the major resistances coming around $11.43 (EMA200). Note: My first post about VHC here was on Dec. 02 (VirnetX Holding Corporation: Short Squeeze Candidate)
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