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

To: Jay Mowery who wrote (20794)	2/21/1998 1:10:00 AM
From: Ralph E. Daugherty	Read Replies (2) \| Respond to of 36349

Hi Jay, Finally got my HP Pavilion up and running late today. BOY! It's Great! I would like for some one to post the dancing baby for me. I never got to see it. I bought 5 Feb20 call contracts on January 22 for $1.125. I was looking forward to a shot out of the earnings. However, as you know we didn't get the shot from an outstanding earning announcement. (SGR did almost the same thing initially; but, is rising now). Well I thought the risk was better than buying 500 shs long for the same period of time. I sold the calls on Tue & Wed before Fri expiration for $.75. So, I only lost $.375/share for the venture. If PAIR would have got the bump they deserved, I would have made a few bucks. I have no regrets at this point. Regards and good luck to you. I'm still long; but, getting weary of the "Rodney Dangerfield" effect on PAIR. ralph