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

To: Captain James T. Kirk who wrote (23703)	5/22/1998 10:16:00 AM
From: Epics	Respond to of 36349

There comes a point where no matter what the news, the stock price will not go down. For pair, in the low 15's IHMO is the lowest it can possibly go. One could have been shorting Segate at 18 but that person would have lost tons of money. Even when the outlook was as shitty as ever seen in the industry. PAIR is not in that type of shape. Margins are eroding but its not like the DD market.Institutions with a 12-18 month outlook would gladly pluck some PAIR at 15 and cash out at 30 in 18 months. The indivual investors panic, sell at the low and then complain 6 months later what they were thinking when they sold. The decrease in estimates by every institution under the sun is just a setup for a run-up before earnings. However, one has to wait till July to benefit. Gee, didn't PAIR last year crash of 15 or so before its runup to 28. Hmm... makes one wonder.. Epics.