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

To: Jay Mowery who wrote (20243)	2/5/1998 4:33:00 PM
From: Purebull	Read Replies (1) \| Respond to of 36349

The Dow Jones Newswire posted the news story about Pair and Sprint at 2:36. This may explain the late buying and hopefully give us another jump in the morning. The news may not have been widely seen. UP, UP and AWAY. Purebull Sprint To Use PairGain Tech Carrier System TUSTIN, Calif. (Dow Jones)--Sprint Corp. (FON) agreed to use PairGain Technologies Inc.'s (PAIR) PG-Flex small subscriber carrier system to meet demand by residential and business customers for additional phone lines. Terms weren't disclosed. In a press release Thursday, PairGain Technologies said Sprint's local telecommunications division will deploy its carrier system throughout their network nationwide. PairGain Technologies manufactures and markets high-speed digital subscriber lines and other digital telecom products. "Dow Jones News Service" "Copyright(c) 1998, Dow Jones & Company, Inc."

To: Jay Mowery who wrote (20243)	2/5/1998 5:18:00 PM
From: joe smith	Read Replies (3) \| Respond to of 36349

hey jay, since you have just gone thru the learning curve on the options game, would you help me out. today i sold feb 20 calls against 1500 of my shares of pair for 1 5/8. i dont want to lose my shares due to expiration in two weeks, but i feel the market is ripe for a significant one to two week correction. history says pairs gets beat up pretty good in any downturn. my hope is to buy the calls back next week and lock in the profit. i feel pretty comfortable that pair will bounce back quickly from a drop now that the world finally remembered what a great company pair is. these last two days have been awesome. stock up nicely and big volume. my question is, what happens if pair keeps going up and the option exercised?