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Microcap & Penny Stocks : Pacer Technology (PTCH)
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To: David K. who wrote (446)5/6/1998 5:43:00 PM
From: David K.  Read Replies (1) of 726
 
To all: How does one explain the failure of ptch to hold above 1 1/2. It's hard to believe that it has dropped to this level after the rather positive report. Who is selling at these levels and why? Every piece of junk connected to the internet or cancer research ( losing tons of money per share) goes to the ceiling and our little pacer with earnings, growth, great distribution, quality management, etc continues to drop

Of course, patience is the key, but watching the stock drop close to 30% from its high gives one pause for thought. Is this just a trader's market on the verge of a sharp decline or a market of great long-term investment opportunities. At the moment, the traders certainly have it over the investors.
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