so I guarantee it aint squat
not a big bang at all. straight cash, no royalties.
what's Jim going to do - start a new magazine about chips for PTSC? maybe a nice trade journal.
I gambled, I lost, I am pissed. And anyone who thinks more upside remains on this POS is dead wrong.
I am afraid you are right, even the hypsters on the PTSC-sponsored AGORA.COM board such as blunist, bullwikle, greeneys, borredo, and manor have given up and resorted to pure unfounded pump statements and racist remarks against the Japanese and advocating violence against Hawk Assoc. Most of the valued original longs (under 0.50) there left because of the inability to post analysis and pure hype. Several have tried to ask a simple question and were pounced on. They all bought in between $1.50-2.00 and need to prop it up or lose their retirement I'm told. Read "militarybooks" essays on Agora, he is a good writer and has produced a nice piece without basis in fact, in the "friend of a friend" vein.
This was to be such a big deal to PTSC, but is little to the J3 (they don't even acknowledge it, like swatting a fly). Then we find the last 3 licenses recently acknowledged totalled <$1.5 million in revenue...
"they know what they own" & that's a stock that has dropped 1/3 in 2 weeks on the biggest blockbuster news in 7 years.
They all bought in between $1.50-2.00 and need to prop it up or lose their retirement I'm told. Read "militarybooks" essays on Agora, he is a good writer and has produced a nice piece without basis in fact, in the "friend of a friend" vein.
This was to be such a big deal to PTSC,
Geez, Sorry to hear someone based their retirement on a volatile penny stock. That was not a wise move. But, They knew and accepted that risk when they bought. Next time maybe buy a couple CDs down at the bank. 4% gain is better than -33%, huh ?
So now, The stock board avenger feels obliged to vent for them ?
I take it "Militarybook" knows the details of the recent settlement, and has dismissed it as a non-event.
Are you in that same camp ?
Advice to all investors of any stock:
Don't wager money you can't afford to lose.
Do your own DD and decide for yourself, if you want to risk buying, or selling.
PTSC maybe down over the last couple weeks by 50% from an intraday high. However, it is still up over 50% in about the last 8 weeks. I suppose it is all a matter of where one bought it.
I still think PTSC will be headed north next week.
Many new investors moving on press, wouldn't begin to know where to look for Patriots revenues, since they come from an entity called Phoenix Digital Solutions.
Sometimes I wonder if Patriots' intention is to keep us under the radar as long as they can.
My last two buys, I had to call in.
E*Trade had to hook me up with a live broker.
Commissions were the same as an on-line trade $12.99
Pain in the ass, though.
I guess E*Trade wasn't the only house that wouldn't trade it.
I noticed others having difficulty, also.
You have any problems with AmTrade ?
Sorry, I didn't write my point clearly. Many potential investors just look at revenues, which are at 1.5M for the last 4 Q's. Licenses fall under operating income. I think a lot investors fixate on the revs and then look down to net profit/loss. Granted the net profit is about 17M, but it looks inconsistent.
I agree with you that they are going to be raking in cash and have already done so which will be reflected in upcoming Q's. Personally I think they will be averaging way more than 5M per lincense. I was merely trying to state that new investors may not be looking at all the numbers and the ones that they see aren't amazing.
In regards to not liking how PTSC was trading. It was erratic for a couple days, I surmised I could buy it back a little cheaper. I didn't feel like I was going to miss the boat this and last week. Now I think next week is another story. You can't blame a guy for trying to maximize his profit. I sit here and watch the market all day. If I saw PTSC taking off on high volume I would the buy button. The whole transaction from recognition to order filled would take less than 10 seconds, maybe even 5.
If I lose a little bit on a stock and don't like how it is acting I will leave.
I understand that.
But is it purely the price per share you base your trades on, or the performance of the company ?
I see PTSC making all the right moves. There is no bad news anywhere.
Aprils "Q's" will be astounding IMO...and you know the day traders will be back for that.
I guess I could tell you be prepared to sell in that time frame for your profit.
I have 28k shares. 20k I bought at .05.
Dividends have paid for my original investment.
I have been accumulating again recently from the .40's.
I'm very comfortable with this one.
I like day trading the pennies, but right now...all my play money is going to Patriot.
I don't disagree with your argument in regards to paper loss vs. realized loss when it comes to taxes. I see a loss on a stock when sold or unsold as the same thing. Your account reflects less value - no different than your checking account being reduced by bills. If I lose a little bit on a stock and don't like how it is acting I will leave. I take a small loss and say no big deal because to me it is all about opportunity cost. If you would still buy the current stock at the price in which is trading then you should hold it. If you wouldn't be willing to buy the stock at it's current price you should dump your shares even if your down. Maybe when you feel there is a bottom you can buy back in. So ultimately I say the one who sold and bought back in lower has less losses than the one who never sold. Perhaps another stock goes up that you liked but didn't have the money to buy it because it is tied up in a sideways stock. That is a form of losing money as well. I suppose it's all a matter of semantics.
I know some still use brokers in the traditional sense and really I have no idea what they charge these days, but I can trade an unlimited amount of shares with Ameritrade for only $10.
I agree that daytraders drove the stock higher. Then not only did the daytraders bail but some steadfast longs who panicked or had some concerns at the very least sold as well. I certainly had some concers with volatility and I'm rather risk adverse but I was quite leveraged and didn't want to end up having some serious regrets.
Since the stock has mellowed out, I rebought some of my position currently at 50K shares. Next week I will look to at least double that if everything still looks good to me, which I believe it will.
Perhaps I'm wrong, but I was right once on this stock already when I bought it nearly two years ago at .17 and watched it go to 2.25 for an intraday high about 45 days later. I was too enamored to sell until it fell back to 1.30, but still not a bad profit. Everyone I knew told me to sell at .45, then .60, then .75, etc. you get the point, but the bottom line is you have to trust in your own analysis and intuition.
I lost all my money in the bubble about 20K, but it wasn't that bad because I was quite young in college and that's a lot less money to me today. Back then I wasn't exactly versed in fundamentals, chart reading, and doing DD whereas a lost people did the same thing as me. P/E ratios that were grossly inflated or negative as a norm. Valuations didn't madke sense in retrospect.
Call me crazy, but I have a lot debt from insanley misfortunate situation (too long to explain, but it is not because I live beyond by means), but currently I look at PTSC as my lottery ticket.
Now I'm arleady fired up for Monday. The weekend is boring sometimes. I hope for the day when the 24-7 NASDAQ opens its doors.
Sorry for reposting half your post....
"Sorry, I never buy the fact if you haven't sold you haven't lost. Stocks are liquid like cash. If you bought a failed tech at the top of the bubble, you are never going to see that high again - GBLX, STMP, ETYS, etc.
Now back to PTSC. While I didn't neccarily see the big sell-off coming, I thought PTSC would tread down after it got around the low .70's. There is nothing to drive the PPS up right now and know new investors."
**What if you sold the stock and bought it back at the same price within 10 seconds, is then it a loss? That doesn't make sense.**
You still would not have a "realized" loss on the stock. Sure you see a "paper" loss in your current position.
If you closed your position, now. You would have a real loss.
Does that make sense ?
Your brokers fees would set you back, though.
As far as PTSC pps trending down, there were a lot of day-traders expecting a huge pop in pps.
Patriot foiled that scheme and did not disclose the terms of the settlement. The day-traders don't follow the company, they follow the press releases. They took some profits. big deal. and left. I know. 'Cause I do the same thing they are doing. (with other stocks. I'm long PTSC 4 years.)
Personally, I'm ok with that. I bought 1000 more shares at .63
Bought at the top of the Bubble ? You're still in the water at the edge of an iceberg, that you can't even see the top of.
Sorry, I never buy the fact if you haven't sold you haven't lost. Stocks are liquid like cash. If you bought a failed tech at the top of the bubble, you are never going to see that high again - GBLX, STMP, ETYS, etc. What if you sold the stock and bought it back at the same price within 10 seconds, is then it a loss? That doesn't make sense.
Now back to PTSC. While I didn't neccarily see the big sell-off coming, I thought PTSC would tread down after it got around the low .70's. There is nothing to drive the PPS up right now and know new investors.
Why is that? 1) The market is short-sided. Often times the market doesn't react until just a few days before known event (good or bad). 2) New investors tend to look at the last 4 quarters and make a decision soley based on that. Not many people have the time to due more DD. PTSC last 4 quarters have been unimpressive with a total of about 1.5M in revenues.
However, the Jan Q should be coming out in about 2 weeks. It will be very solid. Up until the release (about 1 week out some people who are in the know will buy more). After the Q release, stockscreeners (many investors use this tool) will PTSC as a high growth reveneue company. Not to mention the April Q will be amazing.
While I don't think it will matter in the long run, I would like to see Phillips Nov. 26 license make it on the Jan Q to make the revenues look bigger which should help push the stock up faster.
Say what you want. I know what I own. I will be adding at least 50K shares next week unless something unforseeable happens.
If the stock spikes to the .90's I will reduce my shares but get my core position. I won't be satisfied with my core position until $2 or perhaps a little more.
By April the odds are that PTSC will be reflecting a balance sheet with more cash (even subtracting the all liabilties) than their current market cap. That is not just growth, that is VALUE. I've learned in all my years in the stock market the value is the safest play as long as there is some growth. PTSC has more than "some" growth.
I believe to think that PTSC signed Toshiba, NEC, Panasonic, and JVC for 5M per company, that would be delusional.
I am completely confident that PTSC average at LEAST (meaning their 50% cut) at least 25M per infringer. However, I believe the actual number to somewhere between 50M and 100M per infringer.
That logic is far from unreasonable considering other licensing fees and/or settlements.
Do you think J3 wanted to get crushed as bad or worse than a company like RIMM who had to fork over 612.5M to NTP. Licensing is big business. I suspect the rash of signings before the settlement was a result of the termination of the early mover discount. Licensing fees should continue to go up until they are on par for what is a general accepted practice.
I have been wrong before, but I still believe that all the odds favor longs significantly. So whoever said they gambled and lost doesn't mean that you can't come back quickly.