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PATRIOT SCIENTIFIC (OTCBB: PTSC)
Patriot Scientific (OTCBB: PTSC). After suffering a dramatic plunge on earlier in the week, was trading up for the third consecutive day. The stock appears to have been bolstered by yesterday's announcement that the company has recently purchased shares of its common stock on the open market. The purchases were part of a previously announced program in which the company has said that it plans to repurchase shares of the company's outstanding common stock from time to time.
Patriot Scientific President and CEO Jim Turley said, "Patriot Scientific, which is a highly profitable company with no debt and approximately $22 million in cash on hand at the end of FY 2007, is by any reasonable measure that I know of substantially undervalued. The company's common stock is trading well below what we would regard as an appropriate multiple of earnings. We have taken advantage of this decline in the price of our stock to purchases shares at a price we deem to be strongly in the interests of our shareholders."
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CHINA EDUCATION ALLIANCE INC. (OTCBB: CEDA)
China Education Alliance, Inc. (OTCBB: CEDA) continues to trade up on much heavier volume today following their announcement Wednesday that the company, a leading distributor of educational resources offering high- quality programs and training both through on-line networks and an on-site training center in China, is co-sponsoring the Second China International Vocational Education Forum in Harbin, P. R. China on September 19 - 20, 2007. This conference is conducted every two years and is considered to be the premiere forum for educational matters and a platform for academic discussion. The reports from the forum are used as key reference points in order to form Chinese vocational education policies and position its development.
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As a trader, a very intelligent place to put your money, is where the money is flowing into. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
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