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

To: David K. who wrote (479)	6/8/1998 8:41:00 PM
From: Ken Ludwig	Read Replies (1) \| Respond to of 726

David, painful though it is watching, in my case, tens of thousands of dollars evaporate, the fundamentals don't change. Will it drop more? who knows. If it hits a buck I will sell the cat to buy more -a lot more. I think this market sucks - not much rational behavior, money flooding all over the place PE's in la la land. I play with that stuff but my major holdings are in two companies Pacer and Refac because they are: a) well run, b) relatively or absolutely debt free, c) have huge upside potential, d)honest reporting. I think both companies are being used by large, probably individual players to take (create)trading profits. Annoying, tempting at times -say at $2.00 a share for Pacer (I held too and am not sorry)Any way it's a terrific little company on its way to being a terrific bigger company and money will be made by the smart and the patient.