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Technology Stocks : PairGain Technologies

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To: PHIL K. who wrote (4498)	6/17/1997 4:29:00 PM
From: Dr. Jeff	of 36349

Nasdaq record high today! PAIR had some volume but it's down! No way to figure it out! Earlier, I thought it would hit 21 today! It looked very strong as it jumped thru 20 pretty nicely! Oracle reported earnings! They were in line with "EXPECTATIONS" @ .54, however, it apparently missed the wisper # because it is trading down as much as $3 from it's closing price in 3rd market trading! Estimates are fools folly! I fear that PAIR is now trapped in a new trading range! 17 to 21. If PAIR misses estimates, and/or receives any downgrades from the ANALysts, then what? WHY ARE WE HERE?

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