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

To: Captain James T. Kirk who wrote (19940)	2/2/1998 1:22:00 PM
From: Braddock Bull	Read Replies (2) \| Respond to of 36349

It should be a short term short But it's not acting that way! I'm puzzled the stock hasn't fallen back at all. It didn't even fill the gap from this morning. I thought it was a short term short on Friday, and this morning just about killed me! I sold some more at $19+ to average down, and am going to hold a mental stop pretty close. Everything I can see, says pair should correct sharply anytime here - but pair just never behaves! Brad

To: Captain James T. Kirk who wrote (19940)	2/2/1998 1:25:00 PM
From: David Nelson	Respond to of 36349

As I indicated in my earlier post, I am a "day trader." The strict definition of a day trader is one that takes and exits all positions during the same trading day (although I usually break this rule and buy CPQ at the end of the day if the price falls back off like usual). Sometimes I take 5 or more positions in the same trading day (I haven't got to 10 yet like many other traders) and exit them all by the end of the day. This is what I believe to be one of the exception days I described in my previous post. I have observed that on up days with stronger than average volume, PAIR tends to rise until the end of the day. As long as PAIR's price continues to rise, I will hold for the rest of the day and exit at around 3:45 est. I will sell immediately if PAIR drops below 19 1/16. --Dave