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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (79)	1/20/1998 9:00:00 PM
From: Amigo Mike	Respond to of 29382

Good Evening Amigo, I purchased shares of PCTH also today. While the company is tied closely to Boeing, there is significant backlog and an new ACCRETIVE acquistion apparently at hand. Boeing will not flounder for long.....you can bet on that. I would venture to say that the smart money is likely to be scooping up Boeing shares at current levels. This stock as you say... is currently trading at only a 15 forward PE with 3 buy recommendations. There is significant consolidation in this industry and PCTH stands to gain from it. The chart is forming a double bottom just above the $4 level. Previous visits to this level have produced bounces to $5 and above. Should PCTH announce that acquisition anytime soon ..... we will see the $5 level pretty quick. I expect this to be about a week to two week trade. Mike