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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (806)	8/7/1999 10:04:00 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 1438

Larry, I think that right now they are doing the "short with impunity" game shorting at the top of the range and covering at the bottom, much as it is done I believe with VLNC, the total short is growing gradually, indicating to me that it might be only a matter of time before the range is broken. However, those considering WSTL as a fish in a barrel, may want to wait for either a break under $6.125 or short on a rally to the $8.5 to $9.25 range and cover at the $6.5 to $6.75 range. Zeev