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


To: dave turliku who wrote (19308)7/9/2000 9:47:09 AM
From: Skiawal  Read Replies (2) | Respond to of 21342
 
Dave, Any thoughts on this post from Clear Station?

<NLM you may be right 2 1/2 weeks ago i bought at $14 3/4 for my ira, with a 2-5yr time frame and a 300% target gain, but heck 30% gain in a few weeks, after the bashing i took in the spring i'd like to book a few wins... will decide over the weekend.
what's interesting about your call is even after today wstl is still in a defined downtrend- you can draw a straight line down from the double top price of $38ish to mid may price recovery point at $28, right to todays close at $19.

one of 2 scenarios should unfold 1) break downtrend price point of $19 which would create a higher basing channel and eventual uptrend (bad for short) 2) hit its head at this price point and consolidate lower. my guess is that you'll probably have your anwser sooner rather than later.

visit this discussion later as it unfolds >


clearstation.com

I think the Daily and WEEKLY charts look great and nice to see the MACD lines cross...However, as we all know, I am no chart expert...novice at best!



To: dave turliku who wrote (19308)7/9/2000 9:15:55 PM
From: P314159d  Read Replies (1) | Respond to of 21342
 
Yea, wouldn't catch me dead in Cleveland.

Unless it was the Sox wiping some Indian ass.

Guess I might head that way in Sept.

WSTL has turned the corner, better than expected in my mind. The entire shares being turned over from May to now (~53m) is either VERY bullish or bearish depending on how it breaks.

It can still "break down" to sub 13, but the odds do not favor that!
Odds favor a break past 21 to 22 (and its gap).

JMSO. I like the info I uncovered so give a buzz whenever.