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Message: Re: Strange day
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Feb 22, 2010 11:40AM
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Feb 22, 2010 11:58AM

Feb 22, 2010 12:09PM

I see it as a break out. The fact the volume is relatively low in dollars doesn't change the move above the down trend line. .15 (.149). The price of .15 has been a ceiling for the last month as well. That's how I see it.

The volume could suggest the break out is questionable or unsustainable, however. On that point I can agree with you. One question I have is why was there the high volume at the opening, on a Monday? Did a fund buy in? Did one individual? Are the MM's shorting it? What would make someone(s) put up real money to buy in? For what it's worth, I just bought 10K at .1549.

We'll see how the stock moves this week and where it closes. I think good news is coming. The next point to see resistance is .17 area. If and when we get past that I think you will then agree that we are definitely breaking out. I just would like to be ahead of the crowd and acted today rather than waiting to play catch up with the mm's. Of course the mm's could drop the price before the close and we will not have broken out based on my viewpoint. Deciding when to act can be nerve racking and with out certainty. All I can say it that I still believe PTSC will make it big time. GLTAL

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