Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Internet security software specialist VirnetX
So what: November continues to be a brutal month for VirnetX shareholders, with the stock now having shed 30% over the past three weeks alone. Of course, VirnetX is up a massive multibag amount in 2010 -- fueled largely by its $200 million patent win over giant Microsoft
Now what: If you believe, as many other stock sharpies do, that VirnetX's patent portfolio and $74 million war chest of cash make it an ideal takeover target, today's plunge offers an attractive entry point. VirnetX still has patent suits out against tech behemoths Cisco
Interested in more info on VirnetX? Add it to your watchlist.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Apple is a Motley Fool Stock Advisor pick, and the Fool owns shares of it. The Fool has written calls (bull call spread) on Cisco. Try any of our Foolish newsletter services free for 30 days.
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