PairGain Technologies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PairGain Technologies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FirstDiogenes who wrote (34571)	11/11/1999 2:54:00 AM
From: Doug R	Read Replies (2) of 36349

FD, Lol! The last time I posted a buy signal (short term) PAIR totally obliged by gapping down, drifting a bit lower, then jumping from an easy entry at an ask of 13 7/8 to an easy exit at a bid of 14 3/4. I have 3 accounts and trade PAIR in 2 accounts while accumulating it with trading profits in the third. On a charting and technical basis (supply/demand analysis), it appears that a really nice opportunity to add and/or trade may present itself at 13 3/8 or 13 1/2. BTW I stowed away some more in that 3rd account as well today with a purchase at 14 3/16. Now I'm in at 12 7/16....13....and 14 3/16 on a long term (3 or 4 months) basis. I normally call that intermediate term but people are becoming so impatient these days that I should call that timeframe "short term" in order to provide what should really be a healthy and proper perspective for the unrealistically impatient folks out there. The technical profile that I am using for my longer (short) term position is very much intact. I could point out that this profile is actually accelerating but that might be construed as 'hyping" or "cheerleading" or some other mischaracterization....so I won't. oops...I think I just did. There's this adage (or whatever) about buying a good stock that I always try to remember: If the reason I bought has not dissipated, there is no reason to sell. PAIR's price activity may go into a relatively brief period of boredom here...or maybe not...BUT I can tell you from experience that boredom is never a reason to sell. As a matter of fact, boredom is a good thing. If you're bored with a stock you own, it actually should be taken to heart that you're NOT LOSING money while retaining the opportunity to take advantage of the forward looking potential. "Back again @ 14 1/16" I had posted earlier that it was important to focus on the price lows and not be distracted by the short term highs. I also stated that the recently established, very short term uptrend was obviously too steep to be maintained and that an intermediate term trend acceleration was being sought in terms of supply/demand coming off that 10/29 low. Look at the chart. Even a low of 12 7/16 any time until the middle of next week will set an anchor for an uptrend acceleration. If you want to get into a probable momentum "darling" early...this is the time to do it with minimal risk. Sheez...I could go on but it's late and I have to make sure I'm absolutely ready to give my technical analysis seminar in Minneapolis this Saturday. PAIR is the stock I'm using there as the current example that appears to exemplify the entire repertoire of kick-ass TA stuff that I have had great success with. It's the first new stock I've featured since CMNT at $4. That one was so good I used it for 3 consecutive seminars. I didn't pick PAIR for my next class for nothing. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next