posted
Unbelievable!!!!!!!!!!!!!! No news, especially bad news and you are ready to bail. I think you should bail. The reason for the sell off is people like some of you who believe that the abscense of a PR means the company is a scam or falling apart.
I challenge anyone here to come up with anything that shows the picture has changed one iota from the time PTSC ran up to over $2. Nothing has. In fact they have issued a second dividend that will be paid on the 34th of this month. They have won a major court battle and the infringement case is now going to be tried int Texas. The Texas court that will hear the case is called a rocket docket, meaning that the J3 will no longer be able to bide their time. And the fact that over 80% of the cases tried there find for the plantiff.
So go ahead and bail. Buy some QBID or PAIM. The reason I bought PTSC back when it was .27 is because of the upside which has only gotten better since then. Weak hands and knees cause the drops in PPS and it sounds as though some of you suffer from that affliction. If you don't have the patience or the B's for it go ahead and get out. Just don't come crying when it rockets to highs you can't even imagine.
DO your OWN DD and never allow anyone to dissuade you from buying or to scare you into selling.
posted
Wally, there's a difference in perspectives when you bought in at .27 and the rest of us are in the 1.00's... c'mon! You want us to lose 50% of our capital if it drops to the low .70's or lower????
I don't care if this stock is the next MSFT, you NEVER lose your capital. Or it's game over.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
You misunderstood me. You are right it all depends on where you bought in at. If you bought at $1.50 then you should be out of it, a long time ago. I made that mistake with KLGE buying it in the $1.00 and then finally selling at .30. Not a happy thing. What I was referring to were people who rode it up and now are complaining. The other thing is you never make a profit or take a loss until you sell. It's all a matter of your stradegy. Flipper. Swing or Long.
It's very easy to get confused when reading posts. A daytrader may be upset because he bought in and it didn't rise the way he thought that day etc. Many who post and read the posts should talk about the way they are trading a stock when they mention buying or selling because the stradegy is different.
I should have said that anyone who got into this stock for the mid to long term. The current situation can easily turn on a dime.
posted
They are going to file their 10Q late and lots of people freaked. I lost a good chunk of my arse today with a lot of you guys, but this company drops news when you least expect it. This stock has the potential to double in a day with good news. Any ideas as to why they are going to file the 10Q late? They had to know that would have a negative impact on the PPS.
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posted
I think the common rule is to always sell when your lose reaches 6% (or at least some % of your choosing). There really isn't any excuse for people to complain about loss unless the stock drops so fast that trading for it gets stopped before they can trade (or else the volume is way too low to trade it).
As for the 10Q, this is something that has happened before (check SEC filings). It could thus just be a company thing, or it could be that they are too busy to make the deadline. PTSC isn't like some pink like CMKX, so it doesn't really bother me that they are late.
-------------------- May your trading build your character as well as your portfolio.
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quote:Originally posted by Boomer94: They are going to file their 10Q late and lots of people freaked. I lost a good chunk of my arse today with a lot of you guys, but this company drops news when you least expect it. This stock has the potential to double in a day with good news. Any ideas as to why they are going to file the 10Q late? They had to know that would have a negative impact on the PPS.
Accortding to the FORM 12b-25 (Notification of Late Filing) filed yesterday...
"The company requires additional time in order to adequately analyze appropriate accounting and disclosure matters related to transactions occurring during the quarter"
-------------------- If they call it "tourist season"... then why can't we SHOOT 'em..?
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posted
Hey Thorn, If you get out of these microcap stocks when you reach a 6% loss ratio and you actually make money you must be one heck of a stock picker. Please put me on your buddy list for your touts.
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posted
Repo you can't bail now,I remember a recent post that had you in huge at $1.43.You should not take a loss like that.You know just as well as I do that this will go higher,just not as fast as we thought,now you must be patient.Anyway you don't have a loss until you sell,so hold it.
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posted
Look for the 10Q not K to be filed Monday. 10K is not due until May 31. Fiscal year starts June 1. The 10Q will cover through Feb, so it won't cover the Casio and Fujitsu deals. It will show another profitable quarter. We still may also get 8k's on Casio and Fujitsu before the SHM. There's enough news to move this back to high levels.
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posted
Good for you Repo....you and I know this company can come out with additional licensing agreements any day without warning. It'll jump back to where it should be until the court case is settled. At least $1.50 a share. (Maybe over $ 2 soon if more companies jump on board). JMHO.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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posted
Patriot Scientific Announces Proxy Mailing, Receipt of Casio Licensing Distribution; Extends Time for Filing 10-Q3
By BusinessWire Last Update: 4/17/2006 9:00:17 AM Data provided by
CARLSBAD, Calif., Apr 17, 2006 (BUSINESS WIRE) -- Patriot Scientific Corporation (PTSC) today announced that the Company has received the distribution of its share of the proceeds from the previously-disclosed Casio license transaction. No further details of the licensing transaction were announced. To date, Patriot has received in excess of $38 million in distributions as its share of licensing revenues generated by its patent portfolio in slightly more than a year, including licenses with AMD, Intel, Hewlett-Packard, Fujitsu and Casio.
In addition, the Company's proxy statement has been filed, on schedule, with the Securities and Exchange Commission. This statement was mailed to shareholders last week, in advance of the Company's Annual Meeting of Shareholders, to be held on Friday, April 28, 2006 at 10:00 a.m. at the La Costa Resort & Spa, 2100 Costa Del Mar Road in Carlsbad, California.
Patriot Scientific also announced that the Company filed for a five-day extension, as permitted by law, to complete its filing of its 10-Q for 3Q 2006. "This extension was filed to allow our financial team a few days of additional time they needed to adequately analyze appropriate accounting and disclosure of significant revenue from licensing transactions and other matters occurring during the quarter," said Chairman and CEO David H. Pohl. "We anticipate no difficulty with this filing, and fully intend to complete our filing on or before the slightly extended due date."
"We also realize that some shareholders get frustrated when there is a gap for a period of time as to announcements of new license transactions for our patent portfolio," Pohl said. "The Alliacense licensing team which manages our portfolio, which is jointly-owned and marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio, continues to diligently pursue negotiations with candidate companies. The nature of the process is such that it requires our patience because, as much as we and our shareholders might desire otherwise, the status and progress of negotiations must remain confidential, and license agreements are not consummated according to any regular or predictable schedule," he added. "We remain optimistic about our outlook, and we remain focused on maximizing the long-term value of our business for the benefit of our shareholders," Pohl said.
-------------------- If they call it "tourist season"... then why can't we SHOOT 'em..?
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posted
black, I thought the same thing...it sounds like other companies are certainly in the works but will take a little longer to work out an agreement.
"...Moore Microprocessor Patent(TM) (MMP) Portfolio, continues to diligently pursue negotiations with candidate companies. The nature of the process is such that it requires our patience because, as much as we and our shareholders might desire otherwise, the status and progress of negotiations must remain confidential, and license agreements are not consummated according to any regular or predictable schedule,..."
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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quote:Originally posted by Boomer94: Hey Thorn, If you get out of these microcap stocks when you reach a 6% loss ratio and you actually make money you must be one heck of a stock picker. Please put me on your buddy list for your touts.
Heh, well, the theory doesn't always work, and doesn't work at all if every stock you buy goes down 6%.
Still, I would be a lot better off now if I would have had followed this rule to the letter in the past.
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Does PTSC have a bottom it can rest on? These are incredible buy-in prices. Why can't these stocks get coordinated so that when one goes down the other goes up? I hate being torn between two good choices.
Since next Monday is the payout for the dividend, that would mean there will be a big buy up on Tuesday for those who want to get in on it...but what can $.04/share do for this stock (approx 5% at these prices)?
-------------------- May your trading build your character as well as your portfolio.
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posted
I freed up some more money. When I think we've hit bottom I'm going to accumulate more. Huge buying opportunity here. The potential of the company hasn't changed a bit. Impatience and fear have motivated some selling.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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posted
Why did this stock go down over 20% on a day when they announced they have collected darn near $40 MILLION dollars in licensing agreements over the past year? Was the street expecting a lot more than that? I should have got out last week and re-entered. Oh well too late for that. I have one word for you. BUY! I wish I had some more funds. I'm all in. I lost a ton today, hopefully, I will make four tons tommorrow. GL
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posted
wow, this is not what i expected after my 5 day vacation??? I guess i can only add more shares at this point. We need agreements or judgements at this point.
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
should this make up the loss of last few dayz today, or is it goin' to start goin' down again after the morning hours? any thoughts? i'm new in this stock
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