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Technology Stocks : Westell WSTL
WSTL 5.850-1.0%3:59 PM EST

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To: Skiawal who wrote (20558)9/28/2000 9:58:31 AM
From: John Curtis  Read Replies (1) of 21342
 
Hmmmm....looks like this sets up another blow to the market sector DSL body. Funny how things have turned this past year. One year ago all it took was a whiff of possible good news and the particular stock on the receiving end of this news would soar, not to mention the sector it inhabits. And even if there was bad news the market would discount.

Now just the opposite is occurring "out there." Good news is discounted and the mere whiff of bad news pummels the underlying equity. Hence.....bear market.

Meanwhile....I'm standing here waving another limit buy nibble at ~$12.5. Ultimate bottom (in recent months) of $12 may get tested reeeal soon today, what with all the 1x2, 1x5, 1x1, 1x10 downtick "stuff" I see going on right now. If it holds, then good. If it doesn't....well...I've another limit buy standing by down just below $11, just figuring that should $12 break, it'll break hard with momentum then over-shooting it further (not that it hasn't over-shot already, heh).

John~
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