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

To: Joe Griffin who wrote (27443)	12/4/1998 10:15:00 AM
From: Brett Behm	Read Replies (1) \| Respond to of 36349

Well as of 9:39am today I now have 0 shares of PAIR. A couple of things from past experiences. 1) I've owned a lot of dog stocks (NOVL, ANET, PAIR, SGI), and usually after a heavy drop the stock slowly sinks lower. Unfortunately with PAIR the announcement of a new CEO didn't do anything to offset the news. With SGI, and NOVL you got a couple of point pop before it sunk. 2) I told myself I would sell when the technicals broke down. This was evident as of noon yesterday so shame on me for not following the charts. 3) Yes Pair will come back and trade at least double it's low, but this will take a month or so. In the mean time, it's too difficult for me to watch other beaten up techs trading at 100-300% higher than their Oct lows, only to watch PAIR trying to reach a new 52 week low. 4) I really hate when management dogs it's own company. Look at all the dog shit internet companies out there, saying how great they are with no revenue and huge losses. In retrospect, Paigain should have given its products away, lost a ton, grown the top line, changed their name to parigain.com, and put a spin like they will own the internet. Stock goes to 50 and everyone is happy. To come out and say essentially, the company can't negotiate a deal and therefore sucks is ridiculous. Sure Pairgain on paper is a very good company. But the market doesn't care about whether a company is good or not. It's all about momentum, hype, and manipulation. Something that this companies management does not understand. Part of running a public company means playing the game. Good luck to everyone hanging on.