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

To: charlie mcgeehan who wrote (20378)	9/12/2000 11:46:29 PM
From: add	Respond to of 21342

A couple of things stand out today. EFNT down about 15% on 4x avg. vol. WSTL up about 15% on 4x average vol. EFNT started going down earlier in the day about 10:30 , WSTL started going up later at about 1:30. Almost all the other DSL stocks down. PDYN was also down on 5x volume, as were the CLECs after yesterday's deal. Only ADCT up slightly after getting killed the previous 3 days. So nothing terribly out of the ordinary except EFNT and WSTL. What is not ordinary is for two direct competitors WSTL and EFNT to have extraordinary moves in opposite directions on the same day. There can only be and only one conclusion: Some bad news for EFNT and some good news for WSTL is coming. The bad news came to EFNT first and then the "market" figured that it benefited WSTL the most. It was not simultaneous. EFNT gets taken down, then at 1:30 the volume dries up and WSTL gets taken up on big volume. Then, EFNT again gets taken down further as volume picks up again. Does not look like a buyout, unless someone was negotiating w/ EFNT and the deal fell apart, so the insiders figured the buyer may go to WSTL. or as someone pointed out a equipment deal w/ CSCO or some other equipment deal or maybe COVD/SBC have decided to use WSTL in their joint operating agreement and to drop EFNT. Whatever the case, it looks like a small group or even one big guy going back and forth between the two. I also do not think it was just a random big buyer in WSTL causing a short squeeze. It does not explain EFNT. Also the two COVD news look great for NTPA, if it weren't such I down day I think it might have hit 30 and still think it will before the week is done. It may be possible that the shorts will keep it down longer, but I think it will have to come back to 40 by Oct 19th, earnings date.