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Technology Stocks : PairGain Technologies
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To: Jay Mowery who wrote (20243)2/5/1998 5:18:00 PM
From: joe smith  Read Replies (3) of 36349
 
hey jay, since you have just gone thru the learning curve on the options game, would you help me out. today i sold feb 20 calls against 1500 of my shares of pair for 1 5/8. i dont want to lose my shares due to expiration in two weeks, but i feel the market is ripe for a significant one to two week correction. history says pairs gets beat up pretty good in any downturn. my hope is to buy the calls back next week and lock in the profit. i feel pretty comfortable that pair will bounce back quickly from a drop now that the world finally remembered what a great company pair is. these last two days have been awesome. stock up nicely and big volume. my question is, what happens if pair keeps going up and the option exercised?
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