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Technology Stocks : PairGain Technologies

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To: margin_man who wrote (20277)2/6/1998 8:36:00 AM
From: joe smith  Read Replies (1) of 36349
 
patriot,
thanks for the clarification. my thoughts when selling the calls yesterday was that i felt the overall market had made a nice run and is due for a pullback. granted pair just started moving, but the last two times i was close to breakeven, the stock pulled back. i have no intention of buying the calls back at a loss. if pair keeps on going my other shares will enjoy the ride. if we do pull back with the market, i will buy them back for a profit.
this rise in pair is the most encouraging ive seen in a long time. pair finally coming out with news and there has been strong volume associated with this up move. go pair, just take a dip first.
js
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