My guess this means very lttle...

http://www.majorpennystocks.com/majorpennystocks-com-reports-on-patriot-scientific-corporation-otcptsc/

Company Background

Patriot Scientific Corporation (OTC:PTSC) was incorporated in 1987 and is engaged in designing, development and selling of technologies for microprocessor chips in United States. Based in Carlsbad, California, the company’s products are used in computers, cameras, printers, automotive and other industrial devices. The company also offers data sharing and secure data solutions for critical information needs of several industries including healthcare industry, Department of Justice, Homeland Security and other federal, state and local public safety and enforcement agencies.

Technical Analysis

Patriot Scientific Corporation (OTC:PTSC) closed on $0.0821 in yesterday’s trading session with volume of 72,890 shares. Its average traded volume stands at 167,848 shares per day. The company’s total outstanding common stock accumulates up to 407.79 million shares out of which 403.58 million shares are floated in the stock market. Insiders hold 1.03 percent of the company’s total outstanding shares.

The share price maintains the beta value of 1.55 times which means that the share price is likely to move by 1.55 times against one point change in market index.

Looking at its price history the share price is traded within the prices ranges of $0.08 to $0.26 in last one year. This can also be derived from the respective prices ranges that share price is likely to find support at $0.08 while resistance could be seen at $0.26 level.

The share price is trading at a relative strength index of 50 which means that the stock price has considerable margin for further capital gains.