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Technology Stocks : PairGain Technologies

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To: privatesmith who wrote (5312)6/27/1997 1:14:00 PM
From: privatesmith   of 36349
 
A strategy...take the model in #5312 (at your own risk) if you think PAIR IS A GOOD COMPANY and you've got the stomach, then risk discount: by 75% as a MUST Sell Point ($30+ on my model)...50% ($20+) as a maximum Buy Point, the most you'll pay...and, if it sinks below 25% ($10, my new buy point) of what you think its valuation should be, back up the wagon and load up because you've got a fire and there's salvage rights...

My Opinion, someone doesn't want to close the Q on their books with this one in the inventory and they're throwing it out the window...may have some more of the same on Monday.

If things turn, it may be the 4thQ of CY '97 or the 1st of '98, before it gets back on track...there may be more buying opportunities.

Ed Stone
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