The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Magic RN who wrote (14018)	2/19/1999 1:13:00 PM
From: QuietWon	Read Replies (2) of 90042

watch out on PAIR - the longer the deal does not come, the more PAIR will have to prove itself on it's own and the longer the short term players have to wait, the more fed up they'll get and sell - it could easily rebound up to 9 3/4 or so again, but to break 10 it's going to need some news or a strong up market for at least a few days PAIR is like CIEN - eventually it will rise question is - how long you have been on margin, and how long it takes for this news - your margin interest cost may raise your price up to 11 or so, so sounds like your breakeven is 11. i would not sell at 9 as looks like has support (short term anyway), but if market comes down more, that support isn't going to last, imo around 7 7/8 is some stronger support

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