Pacer Technology (PTCH) Message Board

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Microcap & Penny Stocks : Pacer Technology (PTCH)

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To: WallStBum who wrote (466)	6/3/1998 4:54:00 PM
From: The Ox	Read Replies (1) of 726

Recently I was looking at a 3 year chart of PTCH. While the current price looks decent, I would be cautious. The Russell 2000 has been hurting lately and that leads me to believe that there simply isn't the interest in these small caps right now. This company has been around for a very long time and it may be slightly out of favor at the moment. FWIW, I hear a lot of gloom and doom on the street about market tops and 30%+ corrections. I don't subscribe to the panic that many are preaching, as I think the Dow correcting down to say 8300 or 8400 would be very healthy and would help sustain the bull run. Tech stocks are always in the process of running into overbought or oversold territory. Each time we see these swings we get calls for a 1929 style crash. There is NO inflation at the moment or on the horizon. Oil prices are near record lows, Asia is keeping a lid on growth, etc, etc.... I personally think Greenspan should have lowered rates by now. I don't see the Bond market moving too much lower without a FED move to lower rates. What's your take dax?

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