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Technology Stocks : PairGain Technologies

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To: john p. carney who wrote (34496)	11/5/1999 2:50:00 AM
From: Doug R	of 36349

John, Currently 15 1/8...16 3/8 and 22 3/4. Since I use a dynamic system for targets, most values are always moving up slowly. 15 1/8 is a static resistance. Now that 15 1/8 was hit once, the next time it is seen will probably not offer enough of a pullback for me to feel comfortable enough to exit there again and buy back in. The risk of missing a break over 15 1/8 on a 3rd attempt would outweigh the smaller opportunity to try to compound again. From here until the next breakout I'll use appropriately loose protective stops and try to exit with some shares as it approaches the line that defines the 16 3/8 exit point. Since that line has a slight uptrend, I expect the exit price to be a bit higher than that by the time it gets there. From a hit on that line, there should be a significant enough drop to compound again. Then it's back to protective stops while I wait for the next line up to be reached. Of course I don't expect it all to go flawlessly...stocks rarely do but it's the basis of how I'll treat PAIR as it moves up. BTW, the MACD is behaving rather well too :-) Doug R

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