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Technology Stocks : Westell WSTL
WSTL 5.510-3.0%Nov 21 9:30 AM EST

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To: P314159d who wrote (20295)9/8/2000 11:34:33 AM
From: John Curtis  Read Replies (2) of 21342
 
P: It looks like you use a lot of the same indicators I do to "manage" my situations. 'Course....my gut works, too! The only thing bothering me, thinking with my contrarian hat on, is everything and everyone (shorties aside of course) is signaling a future positive direction. Therefore, the 'ol contrarian says WSTL will tank further from here. Do I believe it? Not really.

But, speaking of this, I see WSTL looks to be attempting to break below $14 as I write this, as it briefly traded at $13.938 (I've gone decimal-heh). We may be seeing it setting up to go lower still. A distinct possibility given todays negative sentiment expressed by an analyst for some aspects of the telecom sector. I've found that as a general rule the market, upon hearing such sentiment, typically hammers the whole sector indiscriminantly. Then it wakes up and examines individual equities within the sector. And this be fine by me as I've got my "round 3" of interim buying set up just'a waiting and watching.....

John~
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