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

To: Glenn D. Rudolph who wrote (19858)	1/31/1998 12:20:00 PM
From: jason D.	Read Replies (4) \| Respond to of 36349

<I would prefer not to pay 18+ to get back in. Hmmm..> The tech sector, in general, has made an intermediate bottom. How far up techs will go from here now is unclear due to Asia, slower growth, and WHAT HAPPENS IN THE NEXT FEW DAYS. Many TA's are drueling right now because there is the legitimate possibility vast sums of money can be made just over the the next month, especially if you do options. I follow the Tech Sector and the days of days of 10% gains appears to be back!! Are people aware of what many techs did last week?? Answer: They have been bursting through their 50 day MA's and breaking out (after meandering 5 mo declines!) . . and the leadership has been impressive. However, early next week is big as the Nasdaq and the Dow, as of Friday, have slightly diverged and many NAZ biggies (INTC, AMAT, DELL, MSFT) are at pivotal technical levels. The NAZ took out and held 1600 and the DOW clearly failed 8000. A weak Dow may eventually pull down the Naz. Just keep your eye on the NAZ, though, if it is strong then PAIR will in all likelihood break out and visit 22. If it does, all the FA's will be contemplating what inside info has leaked to cause the rapid rise . . well .. it was the chart . . (and the fact earnings have passed and no REAL BAD NEWS is likely on the horizon -but this and the chart are really one and the same thing) If INTC breaks 83, AMAT breaks 33, Dell breaks 100, and MSFT breaks 150 then we could easily see a bull run to 1700 which will also mean PAIR will breaks it 50MA and see the 22+ area. IF this happens expect not to see the teens anytime soon . . and never again if PAIR executes their business stategy . .and shows us the money. IN SUM, PAIR becomes a TECHNICAL BUY above 20, which will cause it not to stay at that level, expect 19 or 22 out of PAIR next week. (If it sees 22, thank Wednesday, Jan 28th, the most significant day in the Nasdaq in 3 months) -jason P.S. Oh . . and one more thing . . keep in mind I may be wrong.