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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Harry J. who wrote (16545)	7/1/1999 1:47:00 PM
From: Trey McAtee	Read Replies (1) \| Respond to of 21342

harry-- not wrong, just making the same mistake i made so long ago when i decided to hold at 27<G>. you are confusing the promise of the technology (and the market for it) with the company. the two are, as we have learned to our displeasure, very seperable. i have little doubt that we are probably going higher. i have rebuilt my position appropriately. however, i am NOT going to overstay my welcome. i may miss the buyout at 15, but not by much. trading the stock and options are the only things that have managed to turn what has been a disasterous investment into one that has actually made some decent profits. think of it this way... you know that over time the stock fluctuates. so, if there is a buyout in the cards you may miss it. what i would do in your position is trade out of at least half my common and purchase enough calls just slightly out of the money to cover those shares. if there is a buyout you wont miss it, and if there isnt you will have a nice pot of cash with which to go back into the common at a lower price, minus the cost of the calls (the premiums on WSTL calls are pretty much zilch anyway<G>). its saved my ass<G>. good luck to all, trey