SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : PairGain Technologies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: helkel who wrote (26613)10/20/1998 7:12:00 PM
From: kvogel  Read Replies (2) of 36349
 
MM's shorted all morning around 9 5/16. Afternoon selling was some small blocks but they were enough as buying dried up. CFO at PAIR said they would probably begin buyback this week but would only buy small amounts at a time not to disrupt the market. MM's were getting stock in last hour and PAIR buying should provide an upward bias fairly soon. I don't think we'll see 6 again and I'm not sure we'll even see low 7's on pullback. The bottom is in place IMHO. There are probably also some funds still doing tax loss selling but MM's will get that stock so they can sell it back to the company at higher prices. Don't forget the company's only purpose of the buyback is to get the price of shares back to 13-15 so they have to act on weakness. They don't want to end up with millions of shares and the price still below 10.

Karl
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News