Vringo stock providing a GOLDEN entry-point for near term gains

Over that last ~couple~ weeks the shares of Vringo have had some HUGE swings between $3.09 & $4.45. Including some trading over 6.xx in the extended hours market. This is clearly a news driven stock and the recent volatility is due to the combination of court rulings and the MASSIVE short interest involved with this equity. (S.I. is somewhere near 25% of the entire float) according to quotes.barrons.com/VRNG

This daily chart (although very simple) is attempting to show that the current price per share is an EXCELLENT entry as it sits on pretty solid support around the $4.09 mark.

I would watch Monday's (Feb 3rd 2014) closely as PPS need to move upward to verify the meaning of Friday's doji.

I am long term common share (and warrants) holder and have recently added to my position $4.26. There are MANY near-term catalysts that ~could~ put immediate and strong pressure for short-share holders to cover their positions.

My opinion is any entry in the low 4.xx range will be rewarded substantially in the near-term.

Best of luck to all traders and investors !!