Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.
in response to shboomer's message

Who cares who purchases? ... or who is selling for that matter. It is a bid/ask market. Buy into the ask or sell into the bid just the natire of the beast.

Perhaps more worhty of attention is that over the period of 90 days the daily volume has averaged less than 0.06% of the outstanding shares (~$13,500) and only around 3% of total shares have traded hands in that same time period. Not exactly a barn burner.

When a stack stagnates like this one appears to be doing, it does not take much of an investment/divestment to walk a stock up or down either by chance or by choice.

For those long holders who rode it down, the price is too low to sell and for those looking in the window to buy, the situation appears too uncertain to buy anything big so they buy a little because it is a small risk with perhaps a porfit at some point.

Right now the purchasers and sellers of the stock agree that it is worth around a nickel. (what difference does a 1/2 cent make a this point?) That might change either direction depending on the news and the company's financial situation and prospects.

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NOONE SPECIAL
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Treasurer
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1393
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Date Joined
09/09/2011
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Patriot Scientific
Symbol
PTSC
Exchange
OTCBB
Shares
401,392,948
Industry
Technology & Medical
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