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Technology Stocks : PairGain Technologies

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To: bill c. who wrote (5722)	7/1/1997 6:37:00 AM
From: David Nelson	of 36349

PAIR is unstoppable! Backup the truck! $30 by August! Thanks for your kind words. I don't read tarot cards or palms and I don't use TA or Bollinger Bands either. The only thing I have to support this proposition is money and the fact that PAIR is historically a volitile stock. When PAIR makes its moves, they are usually (but not always) over in a week or two not a year or two. My gut feeling is that we are at or near the bottom of PAIR's downtrend. Second quarter (summer) is usually a drought for hi-techs, but after the air has cleared for the hi-tech 2nd quarter reporting period, buyers will move into hi-techs in general and PAIR specifically will move up sharply. The fall is historically great for hi-techs and almost without fail, brings out the buyers in droves. It's a nice coincidence that PAIR hits bottom and the summer doldrums occur at the same time. Great buying opportunity. Oh, I forgot to mention that I buy from the scared and sell to the greedy. There's a lot of scared sellers out there. Sounds to me like I'll be buying yours. Let's talk again in a few months and check the record. --Dave

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