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

To: Rick Slemmer who wrote (20039)	2/4/1998 12:03:00 AM
From: margin_man	Read Replies (1) \| Respond to of 36349

<<Is there room on this thread for a PAIR bear?>> Yes, plenty. And we don't attack bears. <<<1. Yesterday and today were two attempts (both on strong NASDAQ and DJIA days) to break through PAIR's 50-day moving average. Both rallies failed.>>> It would require a big jump (~ 1 1/2). I don't expect that big move in one day w/out any big news. Patriot

To: Rick Slemmer who wrote (20039)	2/4/1998 10:23:00 AM
From: Rick Smith	Read Replies (1) \| Respond to of 36349

R. Slemmer: Your Bearish Signal may not be valid. Using Point and Figure charting will give you an entirely different perspective on PAIR. From Dorsey Wright's site I find: The telephone sector is still bullish and in a Bull Confirmed mode. The stock recently broke out on the upside with a double top buy signal given at 19. That breakout led to a move to 19 1/2 which saw PAIR violate it's bearish resistance line. From a chart you will see that PAIR pulled back from those 19 1/2 highs, making a higher bottom. This is the second consecutive higher bottom that the stock has made, and that is a positive as well. A move to 20 would break the second consecutive double top. Another positive is the weekly momentum here. That weekly momentum just flipped to the bullish side a couple of weeks ago, the first time it has been bullish since 9/22/97, over 4 months ago. The past couple of signals have been good so we'll see. Recommendation is to buy PAIR here with a stop of 15 which would break the Jan. lows. Good Luck. R..