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

To: Captain James T. Kirk who wrote (19936)	2/2/1998 12:14:00 PM
From: David Nelson	Read Replies (1) \| Respond to of 36349

Thanks for you response. I never hold PAIR overnight anymore. That's when the damage is usually done. PAIR frequently gaps down on high volume so stops are usually big loosers. I have found that trading the pattern is much more successful than holding over night. PAIR is also very difficult to hold over night because it rarely follows the market (less than 50% of the time). The only stock I hold overnight frequently is CPQ. I make a 3/8 to 5/8 almost every day on CPQ (made 7/16 today) because it rarely gaps down but usually gaps up at the open. PAIR is getting stronger now on increasing volume again today. This may be one of those days when PAIR will raise til the end of the day. EDIT: I have edited my message to tell you that I'm now long PAIR at 19 1/8 and will be out at the end of the day no matter what. --Dave