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Technology Stocks : PairGain Technologies

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To: Captain James T. Kirk who wrote (19927)	2/2/1998 11:58:00 AM
From: David Nelson	Read Replies (1) of 36349

You speak with seeming impunity about PAIR's current downward trend. Do you trade in both directions? Are you currently short PAIR or are you looking for a lower entry point for your next long position? Just curious. I trade PAIR also. I'm currently out because the market is up so much today. Instinct tells me to short PAIR but on strong volume upside days, pair sometimes turns up late in the day and rises till closing like last Friday. I have observed that on most days, PAIR goes up at the open then immediately falls off. Usually then, after a 1 pm est, it tends to have a small rally, sometimes til 3 pm, in which case, it usually falls off again. The only exception seems to be high volume days to the upside as I mentioned above. This pattern has been fairly consistent over the last year. Any thoughts? --Dave

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