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Technology Stocks : PairGain Technologies
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To: Hubert Few who wrote (25581)8/25/1998 4:38:00 PM
From: Susan Saline  Read Replies (1) of 36349
 
every so often you hear CNBC speak of capititulation.

This is when a huge selloff occurs on heavy volume. It often signals the bottoming of the stock. Shaking out all the weak hands.

The last hour of trading today consisted of more buyers at the ask than sellers

I have not traded this since the 17's ... it has just been too weak.

Took a position entry today at 11 and 11 7/16 for the short term ... next month or so.

good luck all

sue
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