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Technology Stocks : PairGain Technologies

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To: Ralph E. Daugherty who wrote (20699)	2/15/1998 10:42:00 PM
From: Jay Mowery	Read Replies (1) of 36349

Hey Ralph, Hi Rich, Feedback: Ralph I jumped out on the Feb. 20's at 15/16 which I bought at 7/16. I thought about holding till Tues but I figured I'd be a wreck all weekend! I think there is time on them. The one other thing I had considered, if I hadn't bailed was to exercise and hold, as I figured there is a reasonable possibility that after expiration PAIR may then do a move to 23 to 25. If it does you win! If it doesn't you can move in a few days on a pop and pull even or small gain. It's really a coin toss. (IMO) Same holds true for the 17.5's except on those there appears to be more breathing room. That's the extent of my experience, strength and hope on those puppies!! Good Luck with 'em! If you don't mind let me know how you come out. It helps me learn when I see how others handle tight options calls. Best to ya'll, Jay PS. Dang! Presidents day weekend in deader than any other long weekend we've had!

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