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Technology Stocks : PairGain Technologies
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To: Mark who wrote (25419)8/18/1998 2:31:00 AM
From: Rainmaker  Read Replies (1) of 36349
 
DAQ was up, but decliners led advances by 25:18. Big boys up raising the market number. Trend is still decliners leading advances. Look at the big picture because the indices only include a limited number of stocks.

To reiterate Bobby G. and Pirate's message, PAIR will have it's day. Look for significant moves UP in September. By November, we will likely see 20.

This week, we have options expiration, so there are a lot of traders moving in to cover options they wrote (Calls and Puts). 5K and 10K trades represent 50 and 100 options contracts. Look at cboe options listing for PAIR, there are several hundred, if not a thousand options interest. The trading may be to cover naked options.
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