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Technology Stocks : Westell WSTL

WSTL 5.730

-3.4%

Jan 2 9:30 AM EST

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To: Dan Gorman who wrote (795)	10/9/1996 11:23:00 PM
From:	of 21342

Dan, I am thinking that we will be hitting near bottom tommorrow at around $22. It could go as low as $19 to 20 on Friday, but I doubt it. Support on a bounce will be at between 22 and 24. I will likely be a buyer tommorrow or Friday. Could see another 4+ drop Thursday, but that should be the last one. Sellers will drop out. With such a sharp drop, I don't expect an immediate rise back up. On news, it will rocket back to the mid-30s. You just have to love being able to get in on this one more time at a thrilling low price. ADSL has heated up exponentially since it was last down at this price. Westell is still lined up for several big wins. GTE for one. Also Bell Canada. Any others come to mind? They have a big China presence also.

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