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Technology Stocks : Westell WSTL
WSTL 6.110+3.4%12:38 PM EST
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To: Trey McAtee who wrote (10427)4/30/1998 9:26:00 AM
From: Vladimir Zelener  Read Replies (1) of 21342
 
Trey,

<< the PUCs will either start acting right, or the FCC will restrain them>>

I do not know if FCC has authority to do anything about PUCs. All the filings about allowing RBOCs to go LD is done thru PUCs.

<<what do you think about the PAIR calls?>>

My son asked me the same question. We agreed that it is reasonable to play bullish spread on October. To buy October $20 for about $2.75 and write $25 for about $1.25. You place $1.50 at risk for 6 months for potential $5.00 (more then 300 %) return. If the price hits $28-30 earlier then October you close your positions.

However I think the market might correct another 5% to 10% right now, so the timing might be a little bit of a problem.
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