Paul,

Panic is usually a bad instinct. Panic in life and death situations usually leads to death. History is full of tragic incidents of panic that led to large losses of life. Panic in investments usually leads to losses.

What do you say to those who "panicked" and sold when the Texas settlement was announced?

What do you say to thise who "panicked" when the 3rd Q 10q came out?

With hindsight I would say those that "panicked" moved swiftly and correctly to the exits.

The opposite of panic is paralysis due to an overriding fear, which will get you killed just as quickly as panic. Fear of losing some money overrides the possibility of losing all your money.

When you talk of others panicking you have really been talking of those that anylized the situation corrctly and acted accordingly.

Only time will tell if those that sold yesterday panicked, or just saw strike 3 and acted accordingly. Even if the Supreme Court decision wasn't a major event for PTSC...nothing will prevent those that sold yesterday from buying back in when the momentum changes and the price appreciates. Capital preservation outrules all other considerations.

Good Luck

(I) C. W.