$PTN, zippy the last reverse split was September 27, 2010. Back then the stock was around $1.70ish. From then to now the stock remained below that with the brief spikes for catalyst events. Why weren’t there any other reverse splits? Answer: too many people on this message board are dishonest and that’s the sad part.
kevin 3
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$PTN, must be nice to automatically trade after 0.01 or 0.02 price changes. If you did it with a large amount of funds daily, the increases really begin to add up. This predicable tread will probably continue for a few more weeks or longer.
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$PTN, slow dilution better than dumping all the new shares in one day. I’ve seen another stock do that when they were $2.00 per share. After the price fell to $1.00, I closed my position. With much regret later when the stock eventually rose to $65 per share over an 8 month period. Will $PTN be similar? Best to wait and see. Don’t sell if Mr. Market is giving you a terrible price. Presently holding 15000 @ $1.36.
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Are the robots grabbing limit sell orders now?
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It’s interesting seeing the computer trading algorithms at work these past few days. Would be fun to play with one of those for a few days. Guessing they are going to keep lowering the price while the stock dilution continues.
A company needs to keep itself funded to pay its debts, employees, and research and development. As long as the company isn’t going bankrupt, long is ok. Though one has to be patient over a 2 to 3 year time period. Time will tell with this one.
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$PTN, $0.01 PT
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