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


To: DWCraig who wrote (28413)2/5/1999 11:47:00 AM
From: Jim S  Respond to of 36349
 
DWC:

So, the Naz is down 5%, and Pair is "only" down 3%. I'm somewhat underwhelmed. :-)

jim



To: DWCraig who wrote (28413)2/6/1999 11:48:00 PM
From: P314159d  Read Replies (1) | Respond to of 36349
 
Astute, DW

It may seem benign, but what the Naz is undergoing right now gives you insight into the strength of tomorrow. A $10 stock like PAIR should have dropped at least twice the mkt. (Hasn't the Russell always underperformed?) I would look through the rubble to find stocks that outperformed the Naz this week. Check the charts for positive upswing and pick among them. Right now I have been doing just that. But they can still disappoint later, so you have to look at it as a possible trading strategy, with some year long winners possible.