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Technology Stocks : Westell WSTL

WSTL 5.720

+2.5%

Nov 7 9:30 AM EST

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To: Jim Tao who started this subject	1/8/2002 7:28:09 AM
From: Shaw	Read Replies (1) of 21342

Well we got the boost in volume a technical trader would want to see, to support the break out over $3.00. Shorts don't get it, WSTL is an unglamorous lower tech way of playing the 21 century broadband build out. The basic end of the broadband build out is where many of us predicted months ago, that the recovery in the broadband sector would first take place. Posters here and elsewhere have found info. to confirm the move by teleco.s to rachet up the roll out of DSL, in here. So it would seem that the industry fundamentals are swinging in WSTL's favor. So we have an oversold stock that is gaining attention, and improving DSL fundamentals that WSTL has a good chance of getting in the path of. With shorts continuing to cover we will be back to $5.00, where institutions can start buying again. I am not expecting miracles from the CC, but hoping that Mr. Van Cullens has been able to keep his turn around effort on track, as he goes after whats within WSTL's reach presently.

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