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Technology Stocks : PairGain Technologies
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To: Bobby G. who wrote (22980)4/15/1998 4:14:00 PM
From: Mikeh  Read Replies (1) of 36349
 
If I may wax philosophic for a moment ...

I think its hard to be long on PAIR while watching the rest of the market. We expect some fairness and balance, and we invest in PAIR because it has strong fundamentals, promising technology and makes money. PAIR don't deserve to get clobbered for missing estimates by a penny.

Then you look around and there are stocks that can't generate a P/E because they've never earned a penny moving up 3,4,5+ points day after day. You have Lucent and others with P/Es at 200 still going up. It don't seem fair, and it must be someone's fault.

But that's the market - take it or leave it. But hey, what do I know?
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