Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Norm Demers who wrote (20087)	8/16/2000 4:09:42 PM
From: Sir Auric Goldfinger	Read Replies (3) \| Respond to of 21342

For the 5th time in a month Auric puts his money where his mouth is. All your doubters call your brokers and verify a print of the August 17.5 WSTL Puts at $1.5 200 of 'em, 1 block, expires FRIDAY. Ok boyz, buy all you can.... WSTL US Bid Bid Ask Ask Delta Open PUTS->Price Price SpreadBid VolumeIntrst QLW AUG016 5/16 16 3/8 1/16 2353 1)7 1/2 17) 1/4 N.A. 7 2)10 18) 1/4 N.A. 15 3)12 1/219) 1/4 N.A. 253 4)15 20) 1/16 1/4 3/16 -.107 620 5)17 1/221) 1 7/16 1 9/16 1/8 -.705202 193 Buy more cause I got more to sell ya, especially PumpandDump1234...

To: Norm Demers who wrote (20087)	8/16/2000 11:31:33 PM
From: P314159d	Read Replies (3) \| Respond to of 21342

Great seeing your post at the time today, it was a perfect call!! I was in the midst of buying myself. Contrary to other blow hards(not you or 99 out of the 100 posters, just the beejer), I will state the obvious reason for a buy or sell. Today we broke congestion in the upper 16 area, raced toward support in the 15's and bounced away. Why is that important? Because all of the stock turned over in the 13 to 15 area and for it to hold repeatedly there is a win for the long-term bulls. And this last time, it stayed under 16 for all of 30 minutes. I got my first strike in it, my QLWIDs and then my last trades at 16.125, 16.1875. Each previous push under 16 has seen less time and shares traded. So what is the buy signal (other than some feeble 17 put volume near the close, see print below)? It was the alignment of the stochastic on the hourly and 5,15,30 charts;plus the RSI7 on the 30m below 10 again, but clearly a signal from the Bollinger Band break and reversal in the hourly (last seen Aug. 3) and from the same level, that got me started. The 30 min. RSI 7 indication was seen Aug. 3 and 9 and followed with 2 point moves and in the last half hour today. The BB break on Aug 3 and today. MACD should follow tomorrow as we push out options at 15 and 17.5, I suspect 20 is next week's event, but the August call overhead is worst at 25 with 20 calls around 1100 in OI. Sep OI is free and clear. My initial target should we clip 17.5 in the coming days, will be 21.5. Then WSTL rebuilds from there. Remember the game has been played in the 13 to 15 area before and this time 15 to 17. Once above becomes big support. I mentioned the last time, we rallied I was watching the intraday levels, and the best first level was 16.5 area, then 17.5, now we can climb above them. Between 17's and 30 resistance is a battlefield , with some help around 20 to 21, but mostly an open book for either gamer. The game is not over, since the weekly chart from the April 99 lows still has its trend intact, and the 2000 highs on the daily in a downtrend still do also. IMO, this should be the last war on WSTL, after Sep qtr, the earnings AND cash flow will be too good, the year end rally will be the best. Plus anyone can see what a move above 18.75 does to the chart!