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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Eagle who wrote (5616)	4/15/1999 4:55:00 PM
From: Rock_nj	Read Replies (1) \| Respond to of 57584

N.C. Suspect Charged In PairGain Internet Case Thursday April 15 4:08 PM ET RALEIGH, N.C. (Reuters) - A North Carolina man was arrested Thursday on charges stemming from a false Internet posting that sent the stock of a California company, PairGain Technologies Inc into a wild swing, a federal official said. The suspect, Gary Hoke, was arrested in Raleigh early Thursday on charges filed in California, Gloria Dupree, a spokeswoman for the U.S. Attorney in Raleigh, told Reuters. The exact charges were not immediately available. Dupree said Hoke appeared briefly before a federal magistrate in Raleigh and was released under $50,000 bond. PairGain, a maker of high-speed access products used by phone companies, saw its stock soar by 31 percent and then fall back to earth on April 7 when the bogus story appeared. A financial Web page sponsored by Internet portal, Yahoo Inc. (Nasdaq:YHOO - news), included a link to a posting that falsely said that PairGain was about to be acquired by an Israeli-owned telecommunications firm. The posting was formatted to look like a Bloomberg news story, but Bloomberg published its own story denying the bogus feature, and the Israeli company, ECI Telcom Ltd, said it was not in talks to buy PairGain. A spokeswoman at PairGain headquarters in Los Angeles said the company would have no comment on the arrest. Hoke was not immediately reachable. It was not immediately clear what connection, if any, existed between Hoke and PairGain.

To: Eagle who wrote (5616)	4/15/1999 5:17:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Thanks, Eagle. - - - - NEW LONG PORT 1.1 - - - - - I made a more bulletproof version of the LONG PORT 1 late last night. . . called LONG PORT 1.1 . . . I took all of yesterday's losses and traded some of them at yesterday's closing price and others around noon today. . . transferred yesterday's closing value of Long Port 1.0 [4,000.00 dollar value], as though I "sold" all of the Long port 1 at the closing price. . .and from that 4 grand, built this New more 'bulletproof' version of the long port 1, called Long Port 1.1 . . .designed to withstand the summer and still make good gains, no matter what is thrown at it. It closed up 3 percent or so today. . .several of the movers bought yesterday did well. . .HAS, CHRZ, etc. Traded Inets today at about noon prices [it takes many hours to build one of these, so there is hardly a way to trade it all at once] . . also the original Long Port 1 had so many splits that when I tried to set it up in a way that was "correctly" adjusted for splits, it created a monster that I can no longer change, no matter what I try. . . tried cutting it down to 5 stocks and it still would not save it. . .so I just took the value AFTER yesterdays crash and started over. Had I correctly CALLED the crash BEFORE it happened, rather than just warning about it. . .I would be carrying over the value of the port from the morning rather than from the close. . . . . .the other thing is, that I reduced the 40 stocks to 35 and bought more shares of each stock, based on a percentage of portfolio. . . larger caps hold larger percentages for the most part. . . port has the same sort of mix that made PORT 1.0 work so well. . . but uses stocks that are less over done and with some undervalued small to mid caps. Should still have some sting to it, but should hold up extremely well in turbulance. . . I doubt if it will yield the same percentages as it did in Dec, Jan and Apr . . but then what will? techstocks.com Rande Is