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

To: Cyrus Mashhoodi who wrote (19291)	1/25/1998 1:08:00 AM
From: Jay Mowery	Read Replies (2) \| Respond to of 36349

Cyrus, Where the heck have you been hidin'? Me and Patriot thought you crawled in a hole and pulled dirt in on top of yourself or somethin'! Sure have missed hearin' from ya! I also like your T/A results better than Kirks! Sorry Kirk, but I been down so long it looks like up to me! Great seein' a post from ya Cyrus! Hope everything is at least ok! Best to ya, Jay

To: Cyrus Mashhoodi who wrote (19291)	1/25/1998 10:48:00 AM
From: William G. Murray	Respond to of 36349

Good Morning Cyrus, Its possible that the Captain sees PAIR hitting a downtrend resistance line drawn from the market close on 11/4/97 to the close on 1/5/98. A parallel line can be drawn that indicated similar price resistance on dates 11/20/97, 12/1/97, 12/5/97 and 1/14/98 through 1/20/98. (This tends to add credibility to the 1st resistance line IMHO.) The short term uptrend which began 1/12/98 may be hitting resistance at this point. If the Captain's view is correct, we may see a decline in price stop at $18.250 since this price appeared to be building a base from 1/14/98 through 1/21/98. Based on news this past week and earnings coming out next week, TA may not be the way to go right now. Depending on your tolerance to risk, the slightly more aggressive trader will probably wait until earnings come out next Thursday (after the close) while others may opt to lock in some profits. (Can't go broke by taking a profit!) Some of us now have a cost basis below Friday's close and may wish to temper our risk a bit. Just another opinion. Give it a week and we will see who is correct. B.M.