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

To: Rich Wolf who wrote (20149)	8/17/2000 5:36:11 PM
From: Rich Wolf	Read Replies (1) \| Respond to of 21342

addendum: add WARR to the list of MMs who spent time on the ask today (not yesterday)... didn't let it run in the last hour, but weren't stubborn about doing it alone, and neither did they appear to have an agenda to drop the price. Until we get coverage from large houses, this stock is an easy target as an 'institutional play,' since during a major shorting attack, the smaller funds more prudently must trim positions in order to preserve capital. When the coast is clear, they reenter the stock. So we swing violently. We seem to be rising off the bottom here, and probably head for another near double for next earnings report, if it proves to be in line with expectations at the time of the last call.

To: Rich Wolf who wrote (20149)	8/20/2000 10:30:24 AM
From: SBerglowe	Read Replies (1) \| Respond to of 21342

I have just gotten back from 3 weeks in Europe, and I did not have access to newspapers or the internet most of the time I was travelling. I had sold a lot of WSTL at 29-30, but elected to keep some shares as a LT investment. I'm amazed at the current price, but I am more surprised that Jeffries and Co., the same company that originally recommended WSTL, put a kabash on the stock with a downgrade. The whole thing smells fishy as hell to me. Any insights as to why Jeffries reversed their position, and how they are allowed to so blatantly get away with this. Thanks, Susan