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

To: P314159d who wrote (16586)	7/6/1999 8:40:00 AM
From: schlep	Read Replies (2) \| Respond to of 21342

Pied- I think you answered your own question in your post. I have unfortunately been in wstl too long and tend not to trade it. At this point, I have written off my losses and hold a small position (~1.5% of holdings) just in case there should be news that drives it out of this trading range. I guess it is my on insurance to prevent me from kicking myself in the ass should this thing finally break out. Many would call me stupid for this thinking but for the sanity, I feel it is worth it. Should it break back to the 16-18 range, I can finally buy a new convertible to drive - knowing wstl, this will happen around January when it's 2 degrees outside. :-) -schlep To: schlep (16579 ) From: P314159d Tuesday, Jul 6 1999 12:42AM ET Reply # of 16587 >> Just to prevent the race condition from metastability, can you see a direction beyond rangebound $7 here? ( Which is leading to decent profits recently, not that I am complaining, but I would like to hold an 8 move sometime) >> My feeling is that the firms might trade the stock down around these levels to shakeout LT money into their hands. Then tear the cover off the bar NEXT year. When profits are visible. That time frame starts in December, of course. until then 4-5 downside, 10-12 upside? does that average 7?