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Technology Stocks : PairGain Technologies

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To: P314159d who wrote (29340)3/13/1999 11:02:00 PM
From: MARK C.  Read Replies (1) of 36349
 
Fore: If you follow the money It is good to see 64.84% held by 311 institutions. Insider sales have been few. Over the last 3 months institutions ADDED 11 million to their holdings. Short interest has been running between 2-3 million steady for the past 3-4 months. Take the 200 million charge away from last years acquisition and they had pretty good #'s in my opinion.
Looks like a very safe play. IN MY OPINION I see a 2 point downside risk barring a total market collapse and a possible takeout price in the mid twenties. To me it looks like the institutions have taken an accumulate, hold and lets see what happens attitude. I think this is one I could easily live with considering these possibilities. I need to look closer but these things tell me it's worth the effort. jmho MarkC.
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