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


To: P314159d who wrote (17997)2/12/2000 3:09:00 AM
From: Leroyt  Read Replies (2) | Respond to of 21342
 
For Aug 25 (bought them first) I paid $3. I figure this stock is quite possibly going to $40-50 by August (two earnings reporting periods, new contracts, new promo, etc.) and I paid $5-3/8 for Aug 20's after I saw the planned promo effort in the one PR for later this month.

On the Aug 25's, if the price goes to $50, I get an 800% return. I would like that! I like those odds ... $3 downside, very big UPSIDE.

Each were bought when WSTL was it the low 20's.

Also, I got cold feet on TLTN deal. Honestly, I can't figure out why it wouldn't go though so I sold 25% of my position with TLTN at $65 just in case something goes wrong. At that time, 70% of my WSTL position was in TLTN. Now, it's only half. All bought at a 20% plus discount to WSTL prices.

After hearing the broadcast on RadioWallStreet today I'm happier than ever.

Let's hope all goes well.

any comments?

later, leroyt