Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 6.100

-1.0%

Nov 14 9:30 AM EST

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To: Dave Beinke who wrote (18244)	3/11/2000 9:11:00 PM
From: P314159d	Read Replies (1) of 21342

>>Pi (if I may call you that), Been called much worse ( not sure of the significance, tho <g>) >>Strong volume, no movement = distribution = less than bullish statement short term. But Up volume has swamped Down volume each time it showed up before. Distribution is the term for so-called smart "big money" transferring shares when they are hot at the top of a move. But it requires the right size of share trades and often is significant in size right after a stock moves up. The size, I did not see ( and could not because I cannot watch). Level two action provides for it. But in the old days it showed up in the charts. As I see it is very limited action, but extended through out the day. Easily overtaken by news , mkt moves whatever, or it could have been flunkies like me lightening up because we are wusses expecting the next great dark cloud to kick our asse into oblivion. However the double top on the hourly is leaning right. If down strong first hour Monday with increasing volume, it points to 33- 35 area correction. >>mean stock ownership is shifting to stronger hands But no, it means a shift into weak hands

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