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Technology Stocks : PairGain Technologies

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To: Dave Baker who wrote (24595)	6/24/1998 12:01:00 AM
From: Street Walker	Read Replies (2) of 36349

market makers PAIR was trading at 18 7/16. Then Goldman Sachs came off the bid (he's the axe) and the stock dropped immediately to 17 7/8 where he dropped too. Then he improved the bid and it took off again. Goldman Sachs has been covering his short position for the last few days and trying to go long. He really wants PAIR shares. Don't give them to him. He was even pushing the bid at the very close. It was fun watching only Goldman on the bid (18 7/16) against 22 other marketmakers on the ask (18 1/2). Goldman's stance broke right through all the resistance. It was cool to watch the most powerful marketmaker in action. Goldman is breaking all the resistance levels. He will squeeze anyone who goes short. S.W.

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