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

To: David K. who wrote (447)	5/6/1998 11:52:00 PM
From: The Ox	Read Replies (1) \| Respond to of 726

One explanation could be buy the rumor, sell the news. This stock is still substantially higher then the 52 wk low and there could be a few investors who have bailed out on this latest retracement. The PTCH story is still in it's infancy, IMO, and I do believe the patient investor will be nicely reward. For most of last year, 1 1/2 was the top end of the trading range. We may find that this year it will be the low end of the range, but only time will tell. Anyone who purchased this stock below $1 has a very nice return for the short term and this may also be (temporary) profit taking until the weak hands have sold off their positions. I agree with you that the recent report was very positive and the fundamentals for this penny stock are excellent. Best of luck, Michael