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Technology Stocks : PairGain Technologies

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To: joe smith who wrote (20259)	2/5/1998 10:54:00 PM
From: Jay Mowery	Read Replies (1) of 36349

joe, Your options can be exercised at anytime is true but I know on the puts you've got till the 3rd Friday to buy the stock. I don't know if the calls work the same or not. I also know sometimes they don't get exercised as soon as they hit. My puts feb 20's technically should have exercised at 17 3/8 or below. We spent several days there and below and nothing happened. Getting in a hurry isn't always good either. I'm in PAIR since last Feb at 28 and change at this point but I still intend to come out with a healthy gain. The options I'm using to bring my basis down while PAIR moves up to meet it. They'll eventually cross and I can go to black and gains. Hang in joe! "I've learned everything I know the hard way but I've learned!" Something I heard Joey Gallo say in an interview. Makes sense to me! That's all any of this is about. The money will come if we learn! Have a good one joe, Jay

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