Carl B said:
If you haven't figured out that the stock market is just legalized gambling, then you are probably in line for more financial pain.
And there is more outside manipulation of the markets than simply playing blackjack...
Voyager6 said:
The original appeal is over but not the contempt issue, the disabling the dvr's issue, the continued infringement issue, the new receivers possibly infringing issue, etc....
That appears to be the largest problem. It is unknown if there is any pricing drag on DISH or SATS stock dependent upon the next court action.
The fact the Supreme Court wouldn't hear an appeal of the original April, 2006 case just puts that part of this litigation in the record books. It technically didn't cost DISH/SATS anything, as they already wrote-off the $100M expense back in September, 2006, when they put the money in escrow.
So next on the litigation agenda is an assessment of damages from the original award, from September 2006 to April 2008, as well as a ruling whether or not DISH/SATS has followed the court's order to disable the DVR's which were found infringing. That ruling should be handed down over the next month.
Personally, I'd wait until that court ruling, and buy within 48 hours. If it is bad news for DISH/SATS, it will drag on the stock. If it is good news, the price may go up the next day and probably reverse a bit the following day.
Of course, all of this is dependent upon subscriber numbers. If those are released between then and now, and are negative in subscriber growth, I'd sit on my hands.
