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Technology Stocks : Westell WSTL

WSTL 6.130

+8.7%

Nov 26 3:52 PM EST

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To: whatageek who wrote (20929)	10/19/2000 10:18:03 AM
From: John Curtis	Read Replies (3) of 21342

Whata, Kevin, et.al.: :-( indeed! But I will say this....what's the short volume on WSTL currently? Is/was it ~5 Million or so? Well here in the first 40 minutes WSTL's trading volume is ~3.6 Million shares, with absolutely little movement around the opening price of $6.5. So we're watching a WSTL market "spasm" pinwheel around that price. A fair percentage of this has just got to be shortie covering. So, looking for the silver lining, since/if they're covering here then clearly they don't see too much downside from here. This is plus one. And above and beyond their tactical close out is also the fact that for every seller there's a buyer. This is plus two. So as Kevin stated, some folks may see value in WSTL longer term, and are now buying and putting in the old trunk. But the big MINUS is management disassembling, something the market won't soon forget (well, not me anyway, heh). John~

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