Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 5.510

-3.0%

Nov 21 9:30 AM EST

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To: Leroyt who wrote (19259)	7/6/2000 12:19:37 PM
From: John Curtis	Read Replies (1) of 21342

LOL! Change? That's for sure!! And I hope when it does so that it's in a positive fashion for the bulls. ;-) I will say that in times past with other equities, when a stock reaches a point where it trades in a very narrow range for upwards of a few weeks to a month, and the spread between bid/ask is razor thin, then this indicates a consolidation/accummulation point has been reached. Typically, after an uncertain amount of time staying in this phase, it then proceeds to break out one way or the other. Given what is known about the future of DSL, I'd like to think when WSTL breaks out, it'll be to the upside. But until this point is reached one can do one of three things. Accumulate at what looks to be bottom prices. Trade it if you're nimble and focused. Or hang out on the sidelines waiting for the break-out to occur. Shorting, at todays valuation, doesn't look to be a good idea. John~

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