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Microcap & Penny Stocks : Pacer Technology (PTCH)

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To: lknapp who wrote (435)4/29/1998 12:49:00 PM
From: The Ox  Read Replies (1) of 726
 
I have been attempting to buy PTCH for the last 2 days with GTC orders. Each time I raise my price, the Market Maker raises the bid/ask. I haven't been successful at buying at 1 13/32 or 1 7/16.

The buys today are lined up somewhere in the range of 25 to 5 (on the sell side). I just now told my broker to go ahead and buy at the market as I want the stock and won't fight for the 1/16. This maybe a mistake but I don't want to miss the boat. I don't see this stock falling below 1 13/32 without real bad news or a serious downdraft in the entire market.

Good luck to all, not intended as investment advice,
Michael
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