Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 5.700

-7.2%

Dec 29 3:56 PM EST

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To: LiPolymer who wrote (20621)	10/3/2000 3:02:32 PM
From: John Curtis	Read Replies (1) of 21342

Anyone else getting the impression that what we're watching here today has been the usual shortie close out activity? That is...hammer it down and cover on the pause. Then undercut the bid to drive it down again to a certain point then cover some more? This tactic is typically easy to implement once buying has been completely discouraged. And from what I can see on the buy demand side the market seems to want to do nothing more more than sit on its hands right now. Uhhhh....this is aside from the upwards pressure that happens right after the 'ol bid undercut. Heh! I'd buy some more meself at this level, but I want to see where it goes later today, and maybe tomorrow. I've a feeling whoever's playing this equity isn't done yet. I figure at least one more slide....there's just something about that $10 target I can't get out of my head. John~

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