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Technology Stocks : Westell WSTL
WSTL 5.760+0.2%3:47 PM EST
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To: rgus who wrote (788)10/9/1996 4:29:00 PM
From: pat mudge   of 21342
 
Hi, Rhett --

I trust your judgment on momentum calls. How do you see this now? A week or so ago the same free-fall happened with TCSI. Two days running it tanked, then on the third day it stabilized and proceeded to wobble for about a week. Now it's about 20% off the lows, primarily because Amerindo increased its holdings from 11% to 25% or about 2.5K shares. Is there any major institution/money manager in WSTL? Could there be a similar scenario building here? Just an idea. Also a reminder that consolidation takes time after such an enormous drop.

Regards,

Pat
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