RE: Stay Put
posted on
May 17, 2006 01:36PM
We are extremely oversold on the daily stochastics. You would have to go back to Dec. when we were .07/.08 range to find such an extended period in oversold territory. We`ve endured a long period without substantive news. The overall market has practically been in free fall. Yet, the fundamentals/prospects are better than they have ever been for PTSC and the date for the Markman hearing could be announced at any moment but almost certainly will be in the next few weeks. The risk of downside at this point is outweighed by the risk of lost opportunity once news comes. The reversal will be immediate and dramatic. With the scheduling of the Markman hearing the pressure increases dramatically for the companies to settle. Certainly there be other companies that will opt to settle at that point to avoid the much greater liability later. Those who have waited and held feel pressure and frustration. Those that sold and are waiting to reinvest are getting real excited and are in a position to leverage the earlier profits. Also, new investors may view PTSC as relatively risk free compaired to most stocks in the current market atmosphere.