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Technology Stocks : PairGain Technologies

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To: joe smith who wrote (20246)	2/5/1998 6:58:00 PM
From: Jay Mowery	Read Replies (1) of 36349

joe, I'm gonna figure you paid 20.00 or less for the shares. To answer the last question first. If exercised you make 1.625 a share on shares you paid 20.00 for, if you paid less you have a bigger gain. PAIR moves pretty crazy during options exp. week also. Suggestions: 1) You watch the options real close and buy them back on a pull back. You probably already thought of that! 2) You let them expire and take the profit! Nothing wrong with that, profit is profit! 3) Right now you are only out 1/16 of a point. So you could buy them back at a little loss probably in the morning. I want PAIR to move up but it's a coin toss as to weather it will gap up again! If it does wait and see what happens. It may or may not drift back. 4) At this point time is working for you. Keep that in mind! You got 11 trading days to decide and that's an eternity! 5) I'd just keep a close eye on the options and play as you go. The rush can be a trip! You're in the drivers seat if the calls you sold and the strike price is above your basis. 6) Probably the MOST important lesson I've learned is: DON'T GET EMOTIONALLY ATTACHED TO THE STOCK!! I struggled with that for a long time. That's what caused me to be in this position to begin with, I held on too long! 7) If you loose the shares PAIR will dip so you can re-enter. If you bought below 20.00 just take the profit, sit and wait, I would be willing to bet it will give you another reasonable entry point. I know PAIR is not forgiving if you miss the exit point!!!! Entries are easy!! Exits when you miss can be a real ....(There is no word for here, pick one!) You've got a bunch of choices! The important thing is STAY OBJECTIVE AND DO NOT PANIC!! If you do these the right choice will present itself!! Hope this helps joe. Best to Ya, Jay

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