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Technology Stocks : PairGain Technologies

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To: Bobby G. who wrote (26001)	9/6/1998 12:40:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 36349

I have to believe that if PAIR hits their estimate this quarter (and indications from the company are that they're "on track") and gives some positive forecast for the future, the multiple will move up rather quickly. I am long PAIR because I feel it is way oversold. I also agree that we likely cannot go much lower even in a bear market. PAIR is a small cap and out of favor at present. BMFM - If Friday was short-covering, wouldn't the volume have been a bit higher? Also, isn't it a positive sign that PAIR, even when the Naz and Dow were tanking, never got below the previous day's low? (Trying to find some positives). I do not believe Friday's activity was short covering. I believe money is starting to move to PAIR since downside is likely limited in a bad market. Glenn

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