Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 5.850

-1.0%

Dec 22 3:59 PM EST

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To: P314159d who wrote (20556)	9/28/2000 8:54:27 AM
From: John Curtis	Read Replies (1) of 21342

P: Yah, WSTL's certainly caught in a bearish triangle. It's been below all its moving averages since ~end of July and has not been able to get back above even the 15 dayer in a consistent fashion since then. And when you couple this reality against the reality that, as Rich W. would say, these be bearish days.....well.....all longs need to adjust their styles accordingly to one more oriented to preservation of capital. So even though I find WSTL screamingly over-sold by all future oriented measures and have been adding down here in the $13's accordingly still, my adding is only in nibbles. I'm still waiting to see if this upsy downsy death by a thousand cuts sell on each and every indication of a rally market has stopped being this way, because until it turns WSTL seems caught in your triangle. Now let's see how today goes... John~

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