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 MIKE6553's message
I'm not sure PTSC fits the profile for a good swing trade candidate. I think you need a lot more active stock trading, with many more investors and many more trades (ticker tape should be showing PTSC evey minute or so) every day. Quotes below are from www.investopedia.com/articles/trading/02/101602.asp#axzz1nifRqXie "The first key to successful swing trading is picking the right stocks. The best candidates are large-cap stocks that are among the most actively traded stocks on the major exchanges. In an active market, these stocks will swing between broadly defined high and low extremes, and the swing trader will ride the wave in one direction for a couple of days or weeks only to switch to the opposite side of the trade when the stock reverses direction. The Right Market It should be noted that in either of the two market extremes, the bear-market environment or raging bull market, swing trading proves to be a rather different challenge than in a market that is between these two extremes. In these extremes, even the most active stocks will not exhibit the same up-and-down oscillations that they would when indexes are relatively stable for a few weeks or months. In a bear market or a raging bull market, momentum will generally carry stocks for a long period of time in one direction only, thereby confirming that the best strategy is to trade on the basis of the longer-term directional trend."
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Cautious
City
Ventura
Rank
Treasurer
Activity Points
2663
Rating
Your Rating
Date Joined
12/19/2006
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Patriot Scientific
Symbol
PTSC
Exchange
OTCBB
Shares
401,392,948
Industry
Technology & Medical
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