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Technology Stocks : PairGain Technologies
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To: BMcV who wrote (26971)11/3/1998 7:24:00 PM
From: kvogel  Read Replies (1) of 36349
 
Bruce, Just watching the "cheerleaders". Chuck said in his response to me that the company would entertain serious offers. He is just doing his job by commenting on "rumors" to protect shareholders and investors from momentum players. The positive point is that the stock has clearly established an uptrend BUT the market seems very overbought to me so we might see a pullback. Support was very solid at 8 and I expect the up move to continue as we go into '99. Current prices should facilitate the acquisition Chuck was interested in and would allow a takeover offer in 16 - 20 range for PAIR without offending takeover company's shareholders.

Karl
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