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

To: SBerglowe who wrote (20179)	8/20/2000 12:40:11 PM
From: Michael F. Donadio	Read Replies (1) \| Respond to of 21342

Susan, If you read my preceding post by USB Warburg, it will basically outline what has happened since WSTL was at the highs. It is in fact, IMO, a "screaming buy". DSL (see VRTA, EFNT) in general has come under attack by short sellers capitalizing on apprehensions ranging from the rapid ramping of this new technology and the inherent breaking of technical price barriers by its "hockey stick" growth; the "imagined" concerns over things like VZ strike, SBC deployment restraints, "cash flow analysis stupidity", Nasdaq weakness, etc. all playing a part in giving DSL investors the "time of their life" to get in. As for Jefferies, the only thing I can imagine is that the entire company had left for the Hamptons for the summer and the janitor become in charge of the office. In my estimate what they have done borders on the criminal -- a buy at 30 and a hold at 16, when they damn well know what kind of grow is going on and where its coming from. They reversed their buy on WSTL and EFNT only to later re-reverse themselves on EFNT and finally forget that they did that. It's totally incompetent. I see the VZ strike only as an excuse for them to play into the shorts hands, so they could play their own little game. They must be working with AG and are now buying long positions hand-over-fist for their portfolio from confused and dazed investors. JMO, Michael