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Message: ptsczza, you asked for it.....

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ptsczza, you asked for it.....

posted on Dec 13, 04 05:38PM
So here it is.

There is a difference between conviction and objectivity, as well as between conviction and ignorance, all of which you will perhaps someday grasp. With apologies for the length of this post, I will try to help you through that second category.

First of all, other than the 9000 shares I sold recently which was solely for a tax loss, I haven`t sold a single share of PTSC since my first purchase, which I believe was in 2000, and in fact, I have continued to add to my position so that my cost basis is now about .30. So let`s not waste time talking about ``staying the course`` --- you`ll lose that one hands down.

Second, you use the phrases ``when things are going bad`` and ``when things are going good`` with PTSC. I don`t see anything particularly good about PTSC`s current status merely because the stock price has, as of today, managed to momentarily stabilize at about five cents higher than the all-time bottom --- especially when both figures are far less than than the price of a gumball in a vending machine. We have seen so many ``false starts`` and ``headfakes`` with this company that, until something really substantive occurs, everyone (especially those thinking of buying) should IMO remain skeptical of anything other than an announced, written-in-stone contract for relatively big bucks or some substantive development in the litigation.

Yes, when the share price falls, I try to find a reason why --- usually, of course, it can be traced to the fact that, over the last several years, the company hasn`t generated a single sale of its IP, its insiders haven`t bought a single share on the open market, it is locked in a financing arrangement that operates as a virtual money laundering operation for the financier, and it touts its greatest value as hinging on the outcome of litigation against an industry giant. And by the way, those are also the reasons why no one is ever really sure ``which way the wind is blowing`` for PTSC --- apparently, neither are its insiders, or they would have been buying like there was a firesale over the last four years.

On the other hand, when the price does go up a bit, I try to find a reason for that, too. As I have said many times here, I do believe there will be a meaningful spike at some point, and that is why I watch the price so closely at certain times. Right now, I think the GDDS deal is our best candidate for a contract, which was the basis of my post to Brian earlier today. There may also be some merit to the litigation at some point, but if things go as I hope, I plan to be out long before the verdict.

Summarizing the above, I speak my mind, and don`t ever in your wildest imagination think that anyone with a juvenile attitude like yours will ever be able to silence me. Sure, I may miss a daily blip one way or the other in the stock price now and then, but show me a major call on which I have been wrong. Conversely, show me, in recent times, where you have even bothered to try to analyze anything --- it is easy to take shots at others when you yourself take few, if any, chances.

And by the way, if you had bothered to take a stab at it, would you have predicted success and a big share price increase for PTSC over the last year or two? --- history shows that, to date, you would have been dead wrong, and that tomorrow ain`t looking like a complete recovery either. Or, in the luxury of your silence as to posting anything meaningful, were you really predicting a drop to new lows? Does that make you a closet basher? No one here knows, since all anyone seems to be able to remember is your purported ability to ``smell the pizza``. Perhaps the date of your last post containing that language isn`t remembered because there has been a concerted effort to forget.

Face it, my friend, at some point along the way you became a cheerleader, pure and simple, although you now attempt to cloak yourself in ``conviction``. I suggest to you that true conviction, as well as intellectual honesty, is having the guts to talk openly about the good and the bad, and to try to help others see both, too. If you think it`s been all ``good`` for PTSC over the last four years so that there has been no need to talk about anything ``bad``, we`ll just agree to disagree.

So there you have it. You can either choose to stick with your pom-poms, or to dazzle us with your well-reasoned analysis of PTSC`s current situation and, more importantly, its prospects for the immediate future --- I hope it will be the latter, but in any event, everyone here will be waiting.

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