The legacy that is PTSC...........
posted on
Jul 29, 2014 05:49PM
No stock has taught me more than PTSC. Like most folks here, I have all your traditional investments i.e. 401K, Roth etc. In addition, I like to dabble with purchasing individual stocks. Most of those buys are done on the big boards. I've only purchased three penny stocks in my life, Patriot being the third. My experience with owning PTSC, for the last eight years, has greatly altered how I approach stock purchases and consequently their sale. Case in point, Twitter. A few months ago when everyone else was running for the hills, I was a buyer at $32. While their earnings multiple was generous, it still felt like a stock that was undersiege.
Ironically while purchasing Twitter, I still had that little PTSC devil sitting on my shoulder. Constantly creating fear and doubt about my purchase. Ignoring his voice, I had managed to ride the entire quarter out, up until yesterday. That annoying PTSC devil finally got the best of me and I sold, afraid of getting caught in a TWTR selloff following earnings. I've become conditioned to believe no news must be bad news, right? Well, as most probably have seen by now, Twitter just knocked it out of the park and is trading after hours at $50 dollars a share! My PTSC Syndrome reared it's ugly head and got the best of me. I left several thousand dollars on the table. Sure I made a small return on my investment, but it really just hit me as to the degree that Patriot has altered my confidence and replaced it with doubt and fear. My tendency now is to take money off the table, rarely riding it out to see if things go higher. Keeping in mind that such is the risk with penny stocks. Patriot is, IMO, the sad story about greed, crooks and scumbags who sucked real cash and success right out from under retail shareholders. It was and continues to be, all about the insiders.