Pacer Technology (PTCH) Message Board

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Microcap & Penny Stocks : Pacer Technology (PTCH)

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To: Ken Ludwig who wrote (635)	3/23/1999 8:03:00 AM
From: WallStBum	Read Replies (2) of 726

What should we expect here short term? Can the share price rise to say $5-6 short term and why? Personally, I don't think so. And I assume by short-term you mean less than 1 year. Unless there was a significant acquisition, or some other major catalyst. This is a glue stock in my mind, that trades a not entirely unreasonable PE or valuation. At today's PE, PTCH would have to earn 50 cents for $5. Bit of a stretch for 99 I think. I was however very excited last week at just pennies over $1 and obviously with all the block trades, others with deep pockets agreed. But now at 1.22x1.25, it's different than 1.03x1.06. But then again, we were over $2 less than a year ago, so your trading the bounces could be profitable. I'd relish the chance to talk to Mr. Tirman and get his take. He's obviously a believer and now has a very significant stake here. His intentions as stated to the SEC are "investment". That could mean different things to you and me though. Thanks - I'll check out the Yahoo boards. I need to get over there more often - so many bad things said about those boards though. dax

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