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Technology Stocks : PairGain Technologies

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To: Bill Jackson who wrote (5901)	7/2/1997 2:33:00 PM
From: Chuzzlewit	of 36349

Bill, why in the world would you wait until the price reaches $18??? I've seen way too many people make price movement predictions and their reliability is abyssmal! Ignoring specific price targets for the moment, if you just look at the direction of the prediction they are right about 50% of the time! The conclusion is inescapable -- market timing doesn't work! For some neutral proof, just look at the posts on the ASND thread starting about two weeks ago. IMO, if you've derived a decent entry point based on whatever valuation model you feel comfortable with why not just sit and enjoy the ride so long as the fundamental story remains intact. Regards, and good luck Paul

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