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Technology Stocks : PairGain Technologies

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To: pass pass who wrote (5384)	6/27/1997 3:01:00 PM
From: grace	of 36349

Predicting which way it goes is too difficult for many of tech stocks. Yesterday, KMAG and ATML earning warning gave downfall on KMAG, but up for ATML. Next 6 mo growth seems more accounted. Many analysts may expect that PAIR may miss the expectation by one or two pennies. PAIR may forming double bottom (it's little bit too early to say it). Just wonder what is PAIR's earning wisper number; missing earning does not mean that it always goes down. Rather, it may go up ironically depending on what the street expects actually. Might-be-missing earning fact may be included in the PAIR price already, or may be not yet. PAIR still-down trend may have chance of reversal very soon if it will form the double bottom. PAIR's short interest is below the industry average as of early June. Still, some of them bet a large put order, but seems improving. If any short seller gets nervous, we are on bottom. Need little more time to understand this trend. However, UBS gave PAIR a strong buy on June 24, and Robertson & Stephens rated it a buy on June 23. I could not access its details. Does anyone see their details? Good Luck for PAIR tracers.

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