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


To: John Curtis who wrote (19543)7/20/2000 9:53:14 AM
From: Michael F. Donadio  Respond to of 21342
 
I have to agree with you John. What happened to WSTL in June/July was purposeful (anybody who knew anything, knew that WSTL was doing great and people like AG could play off the margin angle), and that some players wanted to load up cheap or cheaper -- it makes their balance sheets look better, and gives shorts a time to play. They know where there are sell orders and that many people bought on margin when it was flying higher. $40 to 13 will take out a hell of a lot of margin players.

All the best,
Michael