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

To: Bill who wrote (23714)	5/22/1998 11:59:00 AM
From: stevie ray	Read Replies (2) \| Respond to of 36349

Doubling your position is not a bad idea. There's relatively small downside left. As others have speculated, this quarter is going to be rocky. IMHO PAIRs price cuts were a good thing (ADTRAN eat dust!), but they're going to hurt margins near term. Wouldn't be surprised to hear a earnings warning in the next two weeks. I'm diving in @ $ 14.50!

To: Bill who wrote (23714)	5/22/1998 2:20:00 PM
From: Gauguin	Read Replies (2) \| Respond to of 36349

>>"I just doubled my position. This is the bottom....(I pray)<<< Feels good, doesn't it? Been watching, and wondering who would still be selling. And what their reasoning could be. (Or opportunities; of course.) I think we all deserve a poppy-seed cake and a nap. It's close enough. Somewhere right here, it's riskier being out ~ no matter how low buyers and shorts would like to see (and shove) it. People may get some for less, and they may not. The risk/return is diminishing; the reward is already high; ~ and sometimes maybe we're focused and patient and sitting on the bottom and there it is. It's close enough. ~ jmo