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


To: margin_man who wrote (29668)4/5/1999 3:51:00 PM
From: Esway  Read Replies (1) | Respond to of 36349
 
with ya on that more at 9.



To: margin_man who wrote (29668)4/5/1999 5:46:00 PM
From: Jeremy G. Browning  Read Replies (1) | Respond to of 36349
 
Volume is disturbing today.

I held XYLN from Nov 1998 until March 1999. It was tough. XYLN would ease up to ~22 then fall like a stone. I've mentioned this before but I think its an elementary key indicator "The down side volume was always low relative to daily average volume". It was also apparent that the closing price was insignificant to the health of XYLN share price. There are several technical indicators to support this theory.

The problem with PAIR is the earnings scare and the strength shown in today's market. 3% down today is like 6% down. I can not remember a day while holding XYLN that it performed as poorly relative to the market. It's not just the closing but the large blocks sold relative to the average volume for the day. Light trading today with a few large blocks sold. On a smaller scale - this looks like ORCL prior to earnings.

IMO be careful
Jeremy