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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: margin_man who wrote (35264)	12/22/1999 3:32:00 PM
From: tuck	Read Replies (1) \| Respond to of 36349

MM, Allowed my portfolio management to color my judgement, I guess. I'm trying to keep a certain amount of cash around, so I sold some Feb. 15s. My thinking was that the MCI/Sprint contract might not be announced for a while. It might be announced shortly after the distraction of the merger recedes. PAIR didn't seem to move for a couple of hours on the new coverage, so I was beginning to wonder. Anyhow, with my cost basis at 14, this morning, writing calls at 2 is somewhat better than 20% for three months, not counting the tweak caused by margin. Such performance is well within my targets. And I might be able to trade the calls a couple of times before they expire. So a good question is when do MCI/Sprint pay attention to business instead of romance? When they do, they'll announce and PAIR will take off. My feeling is it'll be a few more weeks now -- management probably didn't know in September that this would happen, and I don't blame them -- and that PAIR will not hold much above 15 1/2 until more good news shows up. What's your feeling? Cheers, Tuck