Member Ket brought this stock to my attention early this morning prior to todays beautiful breakout. PTSC has been traded here at ttt.net in the past for a failure of me losing 10%… DOH! It looks like we are in the works of making that money back now as PTSC.OB broke through horizontal and descending resistance around .65 with todays close of .674 with increased volume to back up this breakout.
Analysts are expecting PTSC to report earnings of .08 on revenues of $3.68m aka a 231% increase in revs over 07′.
Take a look at all the recent PR’s of new contracts PTSC has been receiving which we can thank for this latest bullish chart action.
| Alpine Electronics Purchases Microprocessor Patent Portfolio License | |
| Business Wire (Mon 9:00am) |
| • | Lite-On Purchases Microprocessor Patent Portfolio License |
| Business Wire (Fri, Dec 7) |
| • | WMS Gaming Joins List of Patriot’s Microprocessor Licensees |
| Business Wire (Thu, Dec 6) |
| • | Daewoo Electronics Purchases Moore Microprocessor Patent(TM) Portfolio License |
| Business Wire (Mon, Dec 3) |
| • | TEAC Corporation Purchases Moore Microprocessor Patent(TM) Portfolio License |
| Business Wire (Fri, Nov 16) |
| • | Patriot Scientific Webcast Cancelled |
| Business Wire (Tue, Nov 6) |
| • | Patriot Scientific CEO Jim Turley to Host Webcast Presentation |
| Business Wire (Tue, Nov 6) |
| • | Update: Paulson Investment’s 30th Annual Westergaard Conference to Showcase Emerging Industry Leaders |
| Marketwire (Tue, Nov 6) |
| • | Patriot Scientific Welcomes Philips to List of Microprocessor Patent Licensees |
| Business Wire (Mon, Oct 29) |
With forward earnings of .08, PTSC.OB is fairly valued within its industry at around 1.70 which we get by multiplying to 08′ earnings estimates by the industries average earnings multiple of 21.36.
Everything looks like a go here for PTSC to hear towards $1
look i told you cows could fly!
