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

To: Jay Mowery who wrote (19890)	2/1/1998 8:05:00 PM
From: Ryan Plovie (Hijacked)	Read Replies (1) \| Respond to of 36349

Harol and Captain, What do you think of Stochastics? Reliable?

To: Jay Mowery who wrote (19890)	2/1/1998 9:51:00 PM
From: Harold S.	Read Replies (3) \| Respond to of 36349

Jay, In fact you are correct. I cut out of PAIR earlier above 19 and bought back a little at 17 1/4. I then exited the stock Friday at 18 1/8 again. As i have explained in the past, the Capt. and i work closely with the program we use on TA and you are correct that it is NOT one TA system but the application of over 100 systems to each stock, with backtesting, to determine the most likely profitable systems for that individual stock. People make fun of us..but that's OK..because all that counts is that we are making money. the system we use can be, AND HAS BEEN, customized after many hours of work on our part. We do not use it as a "black box" but rather, have fine tuned it to our shorter term trading styles by whihc our goal is to make 2 or 3 points a week and be out over the weekends. <Makes for a lot of sleep!!!> Right now I like PAIR as a longer term stock, but I cannot reccomend PAIR on a short term basis unless one wants to short the stock on any pop at the open Monday morning. Once again, shorting at 18 3/4 and covering a few days later at 17 is almost 2 points profit. If you are interested in which systems have proven reliable in the past for PAIR please let me know and I will be happy to email you and not bore the thread with this information whcih will surely be picked apart and ridiculed. But I can say that when PAIR was 19 1/4 the system I use indicated a strong sell based on those past proven reliable systems and hasn't changed since. Before remaining in the stock for very long or before taking a larger position, I will wait until things look technically better by the Capt's and I's analysis. Good luck to all and good night.