PTSC.OB

[REALDEALS21]

Looking GREAT TODAY !!!!!

[JKN]

I posted this earlier on another PTSC thread...

"PTSC moving in anticipation of the 10K which is late.  Expected filing on Oct 13 (I think).  Anyway, MACD has turned up.  If it breaks .98, it should see some pretty strong resistance in the 1.05 range.  I'm averaged in at .78.  I can't decide if I should sell half before the 10K or wait to see if it is a blockbuster.  Got to be some good earnings at some point from all these licensing fees.  If it breaks above 1.15-1.20 on big volume, that puts 1.50 in play.  I don't see that unless the 10K is huge or some other big news."

Good close...I'm guessing we stall at around 1.05 until news.  JMVHO, of course. ADX is still low but turning up.

[Michael]

Hmmmm i wish I had time to look into Patriot Scientific. Looks like something I could fall in love with 

[Ramsburg]

Profile: Patriot Scientific Corporation engages in the development, marketing, and sale of microprocessors, technology for microprocessors, and complementary products that enable computers and other data processing devices to communicate. The company develops its microprocessor technology for various applications in wireless devices, smart cards, home appliances, and gateways, as well as in set top boxes, entertainment technology, automotive telematics, biomedical devices, and industrial controllers in the United States. It also has a patent for special radar technology, which would allow a licensee to penetrate the ground or structures to find various objects. Patriot Scientific Corporation was founded in 1987 and is based in San Diego, California.
Website: http://www.ptsc.com
Market Cap: 360M

Trading Idea:
Michael brought this one up tonight, as he loves its fundamentals, PTSCE is penny with a dividend yield of 6% and potentially a great future ahead.
Technicals are also great, with a powerful breakout and a lot of momentum building up right now.

We may watch some consolidation at this point, but we believe PTSCE may be headed for much higher ground. Michael will give us some inputs next week.

Trading Plan:
Buy PTSCE.OB today.

[Terliso]

Nice work again for michael

PTSCE is bouncing off from 50sma weekly scale that's also the 61.8% fibonacci retracement

[fous]

love the set up here, I'll likely be tagging along for the ride soon enough

-fous

[la-onda]

interview link with ceo:
http://www.ptsc.com/documentation/Patriot.pdf

[REALDEALS21]

Watch for the GOLDEN CROSS next week !

[setravis]

This is a little gem....still holding  this.
This little baby has not give me any reason to sell,
One of those I like to hold on to....
I am high on this company..............

[shipman]

Here's the chart 1yr.

[JKN]

Wow, I was out Friday and I just checked my stocks.  It blew right past the 1.05 range...I expected it to churn a bit there.  Stalled a bit on the intraday chart but put ina nice run.  Next stop...+1.20.

[setravis]

That one year chart has that,

Symmetrical Triangle (Continuation) pattern...
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.

While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.

Edwards and Magee suggest that roughly 75% of symmetrical triangles are continuation patterns and the rest mark reversals. The reversal patterns can be especially difficult to analyze and often have false breakouts. Even so, we should not anticipate the direction of the breakout, but rather wait for it to happen. Further analysis should be applied to the breakout by looking for gaps, accelerated price movements, and volume for confirmation. Confirmation is especially important for upside breakouts.

Prices sometimes return to the breakout point of apex on a reaction move before resuming in the direction of the breakout. This return can offer a second chance to participate with a better reward to risk ratio. Potential reward price targets found by measurement and parallel trend line extension are only meant to act as rough guidelines. Technical analysis is dynamic and ongoing assessment is required. In the first example above, SUNW may have fulfilled its target (42) in a few months, but the stock gave no sign of slowing down and advanced above 100 in the following months.

52wk Range: 0.01 - 2.25

Volume: 6,587,066 .....................nice 
Avg Vol (3m): 1,259,750

REALDEALS21
The Golden Cross has occurred,back about the middle of February 2006.
"50-day MA crossover of  the 200-day MA, which the 50-day has been above the 200-day since then.

[Ramsburg]

Update:
We were not expecting such a run last Friday, which was a great session although PTSCE didn't close near the highs of the day suggesting some short term consolidation for now (or maybe not). Support can be found near $0.95, we'll wait for price developments here, but this chart looks hot.

Trading Plan:
Hold PTSCE.OB
(We'll not be setting an automatic stop, although the suggested stop price would be near $0.90)

Regards,

[setravis]

I think this Symmetrical Triangle (continuation) Pattern,
Is ready to pop!!! JMHO of course.

Took a little time .....
Breakout from the pattern ! 

[shipman]

20 yr.