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

To: margin_man who wrote (27177)	11/18/1998 6:28:00 PM
From: Wheats	Respond to of 36349

I got out today near the close also, after buying yesterday @ 9 3/4. I've seen these rumors too many times, although the stock is probably undervalued based upon fundamentals. Assuming there is no buy out which there probably isn't, we will have the opportunity to buy under 10 again -- I've done this a few times already. Of course, it will probably get bought out eventually. Some may remember the rumors on Quarterdeck when the stock was in the mid teens. It just got bought out -- finally at about $0.50/share. Not saying PAIR will fall beyond 9 - 10, just that more often than not, these rumors are false but they can be good trading opportunities. BTW the Yahoo board is full of hype on this rumor which I am sure enhanced the stocks value today. I may be wrong, but making 18% in one day was good enough for now.