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

To: epicure who wrote (23718)	5/22/1998 12:45:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 36349

I see the next support at 15 3/4 and then 14 5/8. I dont expect it to go below 15 3/4 BWDIK

To: epicure who wrote (23718)	5/22/1998 1:10:00 PM
From: stevie ray	Read Replies (1) \| Respond to of 36349

I can't provide technical reasons for PAIRs behavior, but my take on various clues is that if any quarter could notably miss, it's this one. As mentioned before, the price cut, the 'Reality Check' discussion in the Annual Report and the persistent big block selling all tell me that the word is being spread around. Add the product transition environment and you've got an opportunity here to buy dirt cheap! Lastly, what confirms it for me is we've gone south against some really good news. Now, I'm long @ roughly $ 19, so this hurts. But, I do take comfort in one thing. Strauch loses over $ 1,600,000 every point it drops (ref: Annual Report stock ownership numbers). Since early April that's roughly $ 12,800,000 on paper. If I'm mad, he's gotta be really pissed.

To: epicure who wrote (23718)	5/22/1998 1:39:00 PM
From: William G. Murray	Read Replies (1) \| Respond to of 36349

> but would be interested in others technical assessments. OK, here goes. Looking at the chart back past 1/1/96, we see that PAIR may be forming a "triple bottom". (For those that reads Dr. Alexander's book, "Trading for a Living", Elder explains that triple bottoms are rare, but very bullish.) The first bottom hit roughly 15.625 and lasted from mid-May through late July in 1997. The second bottom also tagged mid-15's with the majority of the base near $17.25 and lasted from early December '97 through the end of January '98. Since the 1st bottom, average volume doubled indicating (at least to me) that a lot more folks have been interested in this stock since it fell from its high of $40+. Are we forming a bullish triple bottom? Only time will tell. I've put my money into the side of the bulls for this one. B.M.

To: epicure who wrote (23718)	5/26/1998 12:25:00 AM
From: Spaw	Respond to of 36349

X, My experience is that bases out more than 18 mos. don't always apply. The last time pair hit 15 was Mar. 1996. The stock hit 15 1/2 intraday in May of '97. Looking closely, with my chartist hat on, I'd say we'll visit the mid-15 range and base out around 15-16 (possibly). A more likely scenario for this particular equity is a quick stop in the mid 15's followed by a spirited runup towards 20. I'd have to say this is a safe entry point. I like the Oct. 17 1/2 calls. A steal at 2 1/8 or so. The way this thing gets volatile, you stand to make some good money by October on this contract. I'd say PAIR stands a very good chance of going in the money by then, wouldn't you? As for the stock... I'm going long for sure. And I might even write a few calls once this little equity starts acting up! Just my $.02, --spaw--