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Technology Stocks : Westell WSTL
WSTL 6.130+8.7%Nov 26 3:52 PM EST
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To: Rich Wolf who wrote (20149)8/17/2000 5:36:11 PM
From: Rich Wolf  Read Replies (1) of 21342
 
addendum: add WARR to the list of MMs who spent time on the ask today (not yesterday)... didn't let it run in the last hour, but weren't stubborn about doing it alone, and neither did they appear to have an agenda to drop the price.

Until we get coverage from large houses, this stock is an easy target as an 'institutional play,' since during a major shorting attack, the smaller funds more prudently must trim positions in order to preserve capital. When the coast is clear, they reenter the stock. So we swing violently. We seem to be rising off the bottom here, and probably head for another near double for next earnings report, if it proves to be in line with expectations at the time of the last call.
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