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Technology Stocks : PCTH Anyone think this can take off in 1998?!!

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To: ed doell who wrote (1344)8/24/1998 12:17:00 AM
From: R. Gates  Read Replies (2) of 1509
 
<<I have no idea why this stock is deteriorating..>> Just caught in a current that many quality stocks are also in. We could be a downward spiral until next year. Great buying opportunity for certain, but don't expect a quick bounce back. Asia, Russia, Arab Terrorists, Latin America, Africa, Lewinskigate, and so on, will weigh heavily on the markets for at least the next six months. Just accept it, prepare for it, preserve some capital for bottom fishing, and wait until next spring. We will see the Dow go to under 8000 for certain and possibly much lower. If the Arab Terrorists are able to blow up a few big bombs on U.S. Soil, especially near Wall Street or Washington, then we could really be in for a real tailspin.

Having said all that, PCTH is a definite steal at this level. Have a nice day...

R. Gates
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