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Technology Stocks : PairGain Technologies

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To: Jay Mowery who wrote (29696)4/7/1999 12:03:00 AM
From: NW Bronco Fan   of 36349
 
Jay, I think PAIR's missing by a penny in the past was acceptable by PAIR, but not this Q. It seems PAIR so many times in the last several quarters was just ready to bust to the upside with any sign of strength in their earnings. They never did show that strength and the stock kept bleeding to where it is now. I think for the near term stock price action, the big miss last Q was a good thing, but only if the hit or better yet, beat their estimate this Q. (Look at the open option interest in the $10 calls. Alot more activity than there's been for several months.) Had they hit their estimate of 16 cents or come in at 15 cents last Q before the warning, this thing would probably still be a $9 stock. If they don't hit their earnings this Q, then the stock is probably dead meat for another few Q's. But hitting or beating their estimate brings back some momentum players and in this market, they could ride that for a while and maybe get a contract or 2 along the way.
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