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Technology Stocks : PairGain Technologies
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To: margin_man who wrote (31385)5/16/1999 2:16:00 PM
From: max power  Read Replies (2) of 36349
 
P, about a week ago, for 1 day, it gave a +8 and then dropped back to +6.
as for interest rated i agree, that the fed will not raise rates.

watching the friday night financial shows the consensus opinion was that there is no inflation in sight, therefore the fed has no reason to raise rates. the recent surge in the price of oil - already dropping - lead to a spike in the cpi which caused the panicky types to assume inflation was on the rise, the feds would raise rates and the market would crash so they sold. as our buddy Jay would say - it's just my opinion (interpretation)..i could be wrong

t

ps...did you pick up some trading shares friday?
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