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To: pz who wrote (20702)	9/11/1999 7:37:00 PM
From: DanZ	Read Replies (4) \| Respond to of 53068

PAIR. PairGain could give some good trades on Monday. The stock rallied 2 3/8 to 12 7/8 on Friday after Dain Rauscher Wessels upgraded it to strong buy from buy. Then the company warned after the close that its third quarter results would be "well below" expectations and the stock fell to 10 on Instinet. cbs.marketwatch.com cbs.marketwatch.com This tug of war could make for a good flip from the long side if one can buy it near support between 10 and 10 1/2. In the end, I think the stock will recover because of speculation that they won a contract with MCI. This is what prompted the upgrade. Forward looking results should be more important than the lower earnings that will be released on October 14, and the lower earnings should be discounted when the stock opens on Monday. Comments welcome. Dan PS to Paul: Thanks for the book lol.