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

To: Czechsinthemail who wrote (18953)	5/26/2000 9:55:00 AM
From: John Curtis	Read Replies (2) \| Respond to of 21342

Baird, et.al.: Yup, I think at this level(they've just managed to send WSTL below $14 this morning....so far), WSTL is an absolute no-brainer longer term. But remember....a prime shortie tactic is to hammer a stock down hard, then relax and cover. Hammer down...relax and cover. Over, and over, and over again. It's in this manner that most longsters become discourage. But once you understand the tactic..... ;-) We just saw the hammer down with this yank down to the ~$13.5 area. Now they've relaxed back to ~$14.5...I figure they let it relax at this point for a bit....then they'll hammer it down again. This is exactly what's been going on since WSTL was ~26 early last week. You'll know they're done running this stock when that procedure stops. My guess is they're just about done, but they'll probably take it below $12...maybe even as far as it's original resistance of ~$10, before they're completely done....Easy short monies for them. Easy long term monies for me. By the way...this is standard tactics by such as Castle, who's known by a few of us to always hedge their outstanding position(s)--warrants and such--by shorting the shit(excuse my "French") out of the underlying equity. No surprise since they're a hedge fund. Let's see where they take this puppy next... John~