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

To: appro who wrote (23042)	4/16/1998 9:14:00 PM
From: kormac	Read Replies (2) \| Respond to of 36349

appro and John, People calling Crisman and getting reassurances. The disk drive sector is too tough to be in to make money. I am out and sold my PAIR shares also. I am still monitoring both of YOU. Cheers, Seppo

To: appro who wrote (23042)	4/16/1998 9:52:00 PM
From: john p. carney	Read Replies (1) \| Respond to of 36349

<I'm NOT monitoring PAIR, I'm monitoring YOU.> See that. Just because one is paranoid doesn't mean people really AREN'T after them.......or something like that. I've been spending some time poring over the ridiculous valuations currently reflected in the internet group. I came very close to taking a position in SEEK some time back (ouch) but right now these stocks look like short candidates. If you look at option chains, you'll notice even the puts are ridiculously high. May 35 puts for example are bid at 3 1/2. 3 1/2 for a near term put that is $9 1/2 out of the money. That is truly incredible, I don't think I've ever seen such a huge disparity. John