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: Chuzzlewit who wrote (5042)	6/23/1997 4:08:00 PM
From: Dennis G.	of 36349

This stock is trading today as if the "whisper" number was about 15 cents. Seems now like if they just meet the consensus it should be positive. I don't think even the company knows what the earnings will be yet so I doubt that there was a leak or that "the market" knows something we don't. After all, the 7 million volume means that only 3.5 million changed hands, which is less than 10% of the float and only 5% of the total. In other words, 19 of every 20 shares haven't sold today. It appears the technical damage from Friday was worse than I thought and triggered today's early loss, which than snowballed from stop losses and negative momentum players. I think to look for "news" behind today's action is pointless. This stock just appears to be the daily whipping boy. My gut (ugh, that hurts) feeling tells me the worst is over but could see some more slight slippage. Dennis

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next