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Non-Tech : PACC
PACC 0.00Nov 17 4:00 PM EST
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To: David Alan Cook who wrote (356)8/1/1997 4:31:00 PM
From: wolfdog2   of 510
 
David, I'm more than a little puzzled about your pulling the plug on PACC on a day the Dow was down almost 100 points. Of course PACC would be down. Purchasing agents saw a whiff of inflation and the market tanked. But I don't think that any of this affects PACC's fundaments.

When stocks drop on the NASD, the market makers make hay and push the bids way down. That's what happened today. Anyone selling this afternoon after the MM's dropped the bid were falling into the MM's trap. Notice that the stock rebounded nicely right before the close.

Drops like these are usually good buying opportunities. I suspect that this will prove true for this stock as well.
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