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


To: John Chapman who wrote (19719)7/27/2000 2:49:33 PM
From: John Curtis  Respond to of 21342
 
John: Since WSTL's going from weak, to weaker still, it looks like selling at 26 13/16 was a wise move. It is definitely caught in the down draft of the NAZ, and still doing what it's been doing all day. That is...breaking each round dollar amount($27, $26, $25, etc.), then hitting the mid point between the break and the next "support" point...muddling around for a time then sneaking up on the lower end and then breaking through. Right now I'm waiting for it to repeat this pattern and break $24. Whooosh...nothing like being down ~13% on the day to take the spring out of yer step, eh?

Oh...and like you I've been trying to find out the size of MZ's holdings, not that I think this pullback is his responsibility. The 10Q contains nada. Anyone out there care to point to a information source wherein is contained this information. I'm curious...

Thanks in advance!

John~



To: John Chapman who wrote (19719)7/28/2000 1:19:39 AM
From: Alan Gutfrucht  Read Replies (3) | Respond to of 21342
 
John,

>>>>>but their leaders do not know or perhaps care about shareholder value>>>>>

I agree. I have been in this stock at various levels since Feb. '96. What I have seen with this insider registering to sell has sickened me.

I don't care what these two guys hold for a total as some have questioned. Selling 200K plus shares now is giving up a possible $4 million gain if the analyst's consensus of $45/share w/n 12 months is anywhere near possible.

Someone is stupid here.

Regards, Alan