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

To: max power who wrote (19767)	8/2/2000 12:43:06 PM
From: John Curtis	Read Replies (1) \| Respond to of 21342

I just got a chance to check WSTL from earlier today, and it looks like more of the same from yesterday, and the day before that, etc.. Yank it down hard first thing in the morning on ~200K volume worth of selling activity. Then jiggy it around sideways from that point with a ~$1 upsy downsy motion for the bulk of the day, then close the day by yanking it down to the bottom of that days range, if not break through it to new lows. This is the basic pattern started waaaay back about 6 trading sessions ago. Oh....market forces did throw one, small, curve-ball to the pattern, and it looks to have occurred around 11:45 to 12noon. During that time ~450K shares jiggied through on the sell side, where typically that kind of volume has been seen at market open. Basically it's waves of selling pressure, cessation for a time but keeping it capped by cutting any run off at the knees, then selling again. Pretty much the same pattern seen when WSTL went from ~$21 to ~$14. And Thompsons is signaling damn near 99% of todays activity is institutional. So the big boys/girls are having themselves a WSTL stomp/dance. And in a very organized, methodical fashion, too. Let's see if they want to take it below that critical threshold of $20. WSTL's one hell-uv-a roller-coaster these past couple weeks, eh? Whooosh! John~