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: VirnetX Holding
So what: The new patent bolsters VirnetX's two patent infringement lawsuits against Cisco Systems
Now what: The stock has had a stunning run since VirnetX updated its patent protection plan in mid-March. But lawsuits can take a long time, and companies such as Cisco and Apple have legal budgets that can put a smaller company out of business. "Buy on the rumor sell on the news" investors appear to be taking profits today.
Interested in more info on VirnetX? Add it to your watchlist by clicking here.