After that huge move PRKR still has lots of short interest in it. In fact in the last few days according to http://shortanalytics.com/getshortchart.php?tsymbol=prkr Short Interest (Around a huge 43% of the float) has remained steady and actually gone up a bit. Conflictingly according to http://shortsqueeze.com/?symbol=prkr&submit=Short+Quote%99 the short float is just 26.52%. Im not sure where to find the most accurate up to date short interest information so if anybody knows please tell me. Anyways there is no way that all the short sellers have bailed and the second phase of the patent infringement lawsuit is coming. The second part is actually the most important part of this trial in my opinion because it awards the damages that QCOM must pay to PRKR. According to JP Morgan if found guilty the damages could be between $500M - $2B. Parkervisions market cap is currently around $500M so if this pans out for them they stand to see a tremendous influx of capital.
I dont think that this move is over. If they get awarded a good amount of money for damages this stock has another massive rally ahead of it. FWIW the average analyst pt on the street for PRKR is around $11.25 and this stock at one point long ago was trading in the $50 range.
Would I chase it here? Tough call. After the explosive rally last week I would expect a pullback before the awarding of damages however don't be too surprised if it shoots to the moon. I'm not exactly sure when the verdict will be reached but I am confident that once it is this stock is in for another explosive move one way or the other, Im banking on up.