elsie, PTSC
I'm sure you meant resistance in .05, .06 and .07 range, right and not 50 cents.
You're right about the technicals and chart. That was the primary buying reason for me. But rereading the lawsuit stories about patents and Sony Corp. and "several hundred million dollars"... I hate one or two-year-long drawn-out legal battles just like the next investor (So why am I also into USVO.OB which is also suing for big bucks?! -- technical breakout is why, of course), but my reading of this is that it has legs. I think enough investors will be impressed by Patriot's CEOs bold, go-for-the-big gold suit against Sony and Fujitsu so that it may crank up PTSC's volume quite a bit. This actually has float turnover potential. I really think the news was that positive that it may overcome all technical resistance all the way to a blue sky breakout.
Of course, such big float turnover runners happen very infrequently and only tomorrow and Monday and more time will tell. Just the potential of that run, howver, should get it to mid 5 cents at least, which is a 20-25 percent gain, anyway. I see little donwside risk in PTSC now -- at the very open Friday morning at least -- outside of getting tripped up by what Omni has trademarked as the market makers "opening headfake."
