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Technology Stocks : PCCG - Profitable, small float and goes Internet with IM.
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To: J. M. Burr who wrote (30)4/19/1999 11:36:00 AM
From: Arrow Hd.  Read Replies (1) of 125
 
J.M., it is a visibility issue. The float was less than a million
shares and it is even less now. I am a position trader. As an
example, last October I was buying Skymall for under 3 dollars and
grabbing everything I could. No one could understand why since it
had been down considerably on a percentage basis and had lost favor
and street interest. PCCG is also undiscovered but has a very good
business. Their restructuring caused a hit providing for an
opportunity to accumulate a serious position without the MM screwing
us. Now we are working with the company to get them visibility and
positioned correctly to take advantage of E@Commerce in their product
space. This is all incremental business since they have a going
business with 250 resellers. Check Wisdom Miles' posts regarding
PCCG's business model and you will get a sense of what potential
exists here. If they showed up on CNBC or did a backdoor IPO with
their Internet business how would you get a position trying to get a
piece of only 800K shares? There are enough lurkers from the day
trading threads who have put PCCG on their monitors to create havoc
if a major catalyst hits. Meanwhile, they will do in excess of 100
million this year and make between 70 and 80 cents per share. But
it is visibility. Can you believe they have no contact with any
brokerage firms! But now they are looking at getting an investment
banker. Can you believe that they dont even have a CC after earnings
release! We have told them this is a basic requirement. Can you
believe not one investment letter or advisor follows them! Recently
Stock Enterprises has been hired to create visibility to the
investment community. They also hired a company to assist in their
Internet E@Commerce efforts and are reworking their PR strategy with
their PR firm which had done nothing so far and has been a waste of
time. We want them to get a PR firm that focuses on E@Commerce. So
there is a lot happening but it could take a year to unfold. When it
does there will be no way to buy this stock. Any little momentum
could trigger an explosion. The reason it has not gotten above 9 is
it is too early for that. That is why it is a position trade. Right
now I have about a half position with 39K shares in my personal
accounts and there are more in other accounts managed by my associate.
As the news gets better or the stock dips we will add. So put it on
your monitor and stay tuned.
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