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

To: bronco2 who wrote (36250)	4/19/2000 6:36:00 PM
From: Jim S	Read Replies (1) \| Respond to of 36349

Eric, at the risk of sounding like a braggart too, I've had pretty good luck with this stock. Not because I'm smart or the stock is a particularly good one, but because I first got in near the lows. When I started selling calls against it at interim highs, I really started doing well. My basis is now near zero, so I really can't lose. As far as "lessons learned," my first would be to cut your losses at a specific point rather than holding and hoping. I'm as guilty as anybody about getting 'emotionally involved' with some of my holdings, but luckily not this one. I also learned that stocks have a 'personality,' just like threads. PAIR's proclivity to hype expectations and then crap on shareholders really helped me, because they did it over and over again, to the point it was tradable. Similarly, all the good buddies on this thread made an outstanding 'sentiment indicator;' the more hostile and vicious the tone of the thread, the better the buying opportunity. Conversely, when PAIR was screaming and folks were happy, it was time to sell the covered calls. It took a while to figure that out, but it worked over and over again. Now the easy ride is ending, but it is ending with a bang. Just a matter of grimly hanging on till the bitter end, and then seeing how things go with our new company. Best of luck to you; hope ADCT will do well enough for you to make this a worthwhile, if frustrating, investment. jim