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

To: Bong Lewis who wrote (23638)	5/20/1998 10:26:00 PM
From: Doug Bean	Read Replies (2) \| Respond to of 36349

Bong: I still hold ADCTi figure its got more room to run but it may be a little slower than I thought. Its just a hell of a strong company so i figure I can't lose with it. PAIR is a tough one for me. I bought last time it was at 16 7/8, then I bought at 22 and again at 24, then i bought some thru a put at 17 3/4. Anyway after all that and all that time here I am down some 12,000,, nice huh? I think PAIR is a good solid company and will come back ,, maybe even this year. The trouble with it is that it has fallen out of favor with the brokers and has also become a "traders" stock . As soon as it tries to mount any kind of a rally, 700 people jump in to make a dollars and a quarter instead of letting it run to its natural top. So anyway this is one I am stuck in for a while. Pity, there are other places i would rather have my money CRDoug

To: Bong Lewis who wrote (23638)	5/20/1998 11:44:00 PM
From: Johnathan C. Doe	Read Replies (2) \| Respond to of 36349

Bong, you are so right about this being a bad market for techs this year except for a few exceptions. You are also right that this is still a market to make money in the techs if traded. I am at a point where for the most part every time I am up in a tech I cash in the profit and look around for something else shot down. That is the way to play this market. It looks like we are going to be seeing some big drops in select tech stocks and a deflation of the tire in the others. PAIR has dropped quite a bit from its high just recently. A slow drop is just as bad as a sudden one if it is relentless. I certainly think 15 is a safe place to enter PAIR. I am must doubting that a wave of buying is close like the wave that is ending that started in January. We just ran a cycle in the techs and it looks like it is ending. Patience will be required to get good gains out of anything bought now.