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


To: Dennis R. Duke who wrote (23989)6/2/1998 5:06:00 PM
From: ibrandybuck  Read Replies (2) | Respond to of 36349
 
Just one person's opinion. But I see opportunity.

Until and unless there is solid news, this appears to be an over-reaction. Rumor-time is time to buy, not time to sell. Selling on nervousness and rumor is one sure way to lose money, these days. Didn't CIEN take a similar dump a month or so back. Gee, look at it today!

I entered via selling the Jun 15 Puts and buying some long (Jan) calls.

'Course I could be wrong.

FWIW (i.e., $.02)

P.S. By the way Dennis, I've also sold some puts on RDRT; effective purchase price would be around 9 1/16. Are you posting on SI or Yahoo for that one?