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Technology Stocks : PairGain Technologies

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To: bronco2 who wrote (21886)	3/19/1998 5:29:00 PM
From: Jay Mowery	Read Replies (4) of 36349

Eric, None taken! If you look at the stocks that are "Zooming up" and check how much of the stock is controlled by the funds. The more the better for holding a stock. Then check the next strike price above where the stock is sitting. You'll usually see a big chunk of open interest on that strike price of the call options. If you really believe none of the big players can control a stock price for a short period. That's cool, but there really ain't a tooth fairy either. I don't think anybody intends to imply, this is the only reason the price of PAIR is where it's at! It MAY BE a contributing factor! I'm holdin April call options right noe including XON! Check the Open Interest on the March 65's! Wanna bet it closes tomorroww right in that area? A coincidence? I think not! XON ain't a podunk sized company, last time I ckecked! Can they control it for a few days? My GUESS? Damn right they can. I wouldn't underestimate the power these guys hold. If they don't try betting against them. I bet they win! PAIR may or may not move after Friday if it doesn't then there is more than options exp. holding it back. However, we can't confirm that till after they clear the options! It's like any other confirmation tool people use! Nothing is for sure! They're only yard sticks buddy! That's how I use them! There ain't no sure things! Only possible explainations and tools! It's just a tool to me! If PAIR goes up Tuesday you can figure it's being held back was options related!(It does APPEAR this is a possible explaination at this point!) We'll get CONFIRMATION of this Monday or Tuesday even possible later next week! Hope this helps!! Your buddy, Jay

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