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Technology Stocks : Westell WSTL
WSTL 6.3300.0%Jan 29 3:59 PM EST
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To: jlong who wrote (15980)4/27/1999 1:15:00 PM
From: Tony Wang  Read Replies (2) of 21342
 
Westell is up because it wants to go up. The Bell Atlantic announcement is just an excuse. It had already trade up to $11.00
on huge volume last couple of weeks. It just went up too fast. Subsequently, you had a correction to work off the buying excesses.
Now it is ready to slowly stairstep above $11.00.

Also, the amount of shorts outstanding to the daily volume traded is at an all time high. A very good sign if you are a WSTL bull. That
means when these short guys have to cover, there will not be enough
available shares on a daily basis for them to buy without spiking the
price higher.
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