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

To: Bill who wrote (21834)	3/19/1998 9:12:00 AM
From: Tricky Ricky	Read Replies (4) \| Respond to of 36349

Three thoughts: 1. Since the relationship with PAIR was just announced their previous performance doesn't concern PAIR and should not effect the stock price. 2. We haven't heard any earnings warnings from PAIR. In the past they have done an excellent job of managing expectations so there is no reason to expect anything but good numbers. 3. If we all believe in the MM option manipulation theory and they are unable to hold the stock below 21 for expiration, do we believe they will take it up to 22.5 and let those expire worthless? Comments appreciated. TR

To: Bill who wrote (21834)	3/19/1998 9:40:00 AM
From: Rick Smith	Read Replies (1) \| Respond to of 36349

Bill: PAIR was featured on Dorsey Wright's (of point & figure fame) Page. "PAIR (20 1/4) will break a spread quadruple top at 22. A breakout here would take PAIR through resistance dating back to January. The relative strength is negative but a breakout here would also put the trend back to positive. OK to take signal here and buy PAIR with a stop of 17 1/2." Nice to have the master chartist confirm my read from a few days ago. I still believe we will be looking at 20 by Friday, but may give it a run next week. There will probably be traders selling into the Rockwell news the next couple of days. Good Luck to All. R..