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

To: schlep who wrote (16693)	7/19/1999 11:34:00 AM
From: Trey McAtee	Read Replies (3) \| Respond to of 21342

schlep-- i am not going short, nor have i implemented a strategy to profit from the decline. basically what i am doing is unloading the position i have previously built up, taking profit on it. to cover potential upside, i am buying calls with the strike at 10. if it goes up, i go along for the rise without much at risk. if it doesnt, i have the profits so far, minus the premium on the calls. there have been times when i have purchased puts on WSTL, but that was to protect a large position in common. that has been greatly reduced. good luck to all, trey