SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?


To: john p. carney who wrote (34496)11/4/1999 9:45:00 PM
From: Mark  Respond to of 36349
 
I believe any pullbacks are buying opportunities.
We had some profit taking today. So what. Money
flow still indicates that its flowing in and not out.
I have been in/out of Pair for over 3 years. This
isn't the same old Pair. We HAD some contract annoucements.
Albeit not very large ones, but the money is on more
to follow. In addition to Avidia we now have the rumors
circulating about BA and HDSL2. So, we may have won that
contract back from ADTRAN. I believe that the only
reason that this stock is kept down is based on perception
and not fact. Perception being that this is the same
old Pairgain. When fact is its different, much different.
I have two major gripes with Pair. The first being
an inability of Pair's PR/IR staff to successfully promote
the company. The second being why they continue to
retain the services of Charles McBrayer and Charles
Strauch. They need to be put out to pasture. I bet
if Pascoe was honest he would agree.
As far as the stock price goes it has made some ground
already. It wasn't that long ago when we were 8.

Just my 2c

Regards..



To: john p. carney who wrote (34496)11/5/1999 2:50:00 AM
From: Doug R  Respond to of 36349
 
John,

Currently 15 1/8...16 3/8 and 22 3/4. Since I use a dynamic system for targets, most values are always moving up slowly. 15 1/8 is a static resistance.

Now that 15 1/8 was hit once, the next time it is seen will probably not offer enough of a pullback for me to feel comfortable enough to exit there again and buy back in. The risk of missing a break over 15 1/8 on a 3rd attempt would outweigh the smaller opportunity to try to compound again. From here until the next breakout I'll use appropriately loose protective stops and try to exit with some shares as it approaches the line that defines the 16 3/8 exit point. Since that line has a slight uptrend, I expect the exit price to be a bit higher than that by the time it gets there. From a hit on that line, there should be a significant enough drop to compound again. Then it's back to protective stops while I wait for the next line up to be reached.
Of course I don't expect it all to go flawlessly...stocks rarely do but it's the basis of how I'll treat PAIR as it moves up.

BTW, the MACD is behaving rather well too :-)

Doug R



To: john p. carney who wrote (34496)11/5/1999 3:22:00 AM
From: Doug R  Read Replies (1) | Respond to of 36349
 
John...again,

I forgot to mention one thing.
The 13 dCCI has crossed sharply over the 3 dCCI which also jumped quite a bit on Wed. When the 3 dCCI is done backing off, an upturn on it will indicate a probable price move accompanied by healthy volume. The low seen on the day before or on the day it turns will most likely be the anchor for the accelerated uptrend off the 10/29 low. If the price pulls back much more I would expect it to find a good bottom in the 12/7/16 to 12 3/4 range. It may not reach that low but the chart allows for it.
Sheesh, it looks like I'm taking up residence here or something. I must like this chart...lol.

Doug R