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Microcap & Penny Stocks : Pacer Technology (PTCH) -- Ignore unavailable to you. Want to Upgrade?

To: David K. who wrote (431)	4/28/1998 4:54:00 PM
From: WallStBum	Respond to of 726

I agree with you 100% David. This slide is not really all that surprising IMO. PTCH is a stock that closed at $1 on 12/31/97. The stock has appreciated 44% in less than 4 months and was a 100% gainer on April 15th when it traded above $2. These very good gains cannot be ignored, especially on 4/15 when many are in need of tax payment funds. The acquisition of Cook Bates was perceived as a real "blow the doors off" deal, at least by me, and while the numbers were really good in the latest release, they didn't knock me over. My impression is that it will take maybe another quarter to get all the acquisition-type administrative expenses, etc. out of the way and effectuate economies of scale and then the improvements will drop to the bottom line. Regardless, as you said, this is a solid little company that's got a lot of things going for it. To be perfectly candid, I appreciate this pullback as I may load back up the portfolio for good this time. dax