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Technology Stocks : PairGain Technologies

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To: Valery Portnov who wrote (24112)6/3/1998 2:22:00 PM
From: Berney  Read Replies (1) of 36349
 
VP, I'm not concerned by yesterday's actions. Hopefully, it
represents a final blow-off to get this bear garbage out of its system. In my analysis, which I mentioned earlier today, there were 52 down days where PAIR had more than 3M shares sold over the last two years. What was interesting is that in the 30 cases where the stock sold off below its moving average, it was back up the next day 85% of the time. The time to worry with PAIR is when the sell-off occurs above the moving average. In this case, the PAIR investor will not see that closing price for two weeks of longer 30% of the time.

Just some Trivia. TA says bottom fishing on PAIR can be hazzardous to your financial health.

Berney
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