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

To: Rich Powers who wrote (24515)	6/21/1998 8:47:00 AM
From: john p. carney	Respond to of 36349

<John, Don't discourage the pirate.> Discourage him? I'm trying to provoke him! I think the pirate needs his own TV show. Oh I get it! Prozac will take the "edge" off. So right you are. One thing we don't need is a mellow pirate. <I am long this time but in 17 and 1/2 July calls that were in the money when I bought them. Any guess as to whether I will make any money? > Rich, I can't believe we're down this low. I think people started to recognize the fact that PAIR ISN"T growing at 30-40% a year and became reluctant to hold what they thought of as a growth stock that wasn't growing. The P/E is certainly no bargain for a stock showing flat sequential growth. The final nail in the coffin was, I believe, the press release last April announcing drastic price cuts on Hi-Gain equipment. If Fridays perfomance was more than options related (I think it was). And we have a repeat of last summers action re coming in close to expectations and takeover rumors. I think your July 17.5s have a fighting chance. Since you bought them in the money and I don't know how much premium you paid, I don't know if you'll make money. John