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Technology Stocks : PairGain Technologies

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To: john p. carney who wrote (24514)	6/20/1998 9:04:00 AM
From: Rich Powers	Read Replies (1) of 36349

John, Don't discourage the pirate. He's one of the reasons why I frequent this site whether I own PAIR or not. Another reason is to see when Jay Mowery covers his short(s). I am long this time but in 17 and 1/2 July calls that were in the money when I bought them. Any guess as to whether I will make any money? It would seem from the quotes I've seen that ERICY is pretty far along in the negotiations stage, and if they are interested in PAIR, I would think the announcement would come soon. With my luck, the arbitrageurs will short ERICY down to 20 if the exchange rate is 88 and 1/2. That's what happened to me last week when MIFGY appeared to bail me out of an ill-advised acquisition of 20 July 22 and 1/2 Intersolv calls. Alas, woe is me, ouch!

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