It's pumping and hype. You want to know why PTSC drifts to lower lows after every spike? All the "To the moon!!!" hype around it. I'm not just talking about here on Agora, but all the "patent on water" and other crap that has characterized this story since day one.
Saying this is the next Qualcomm and expecting it on the NASDAQ in short order is the worst kind of pumping. Qualcomm is a 70B market cap company.
Want to know why there is so much volatility? Because the few buyers this stock has are sold on "to the moon." They support the day traders who nail them to the wall every time there's news or in the run up to quarterly reports.