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

To: Michael F. Donadio who wrote (20609)	10/3/2000 10:33:24 AM
From: John Curtis	Read Replies (2) \| Respond to of 21342

Meanwhile, what I thought yesterday would occur today is now in fact occurring, with bid/ask at $11.81 x $11.87 (still that remarkable $0.063 spread which has been the hallmark of WSTL's trading pattern these past few trading sessions). The pattern these past few days is continuing. Bear trap it in the first 30 minutes of trading and then undercut the bid sufficiently to take it to period lows, then keep it capped for the rest of the day, but keep sufficient pressure as to continue the erosion. If this holds true I'll expect a final shove to occur in the last 45 minutes today. Clearly the buyers have been sufficiently discouraged that they're now sitting on their hands, leaving the playing to the bears. Do we actually need to start contemplating single digits at this point? Yeeesh! The only saving grace I see? WSTL looks to be finally filling that gap down to $10 which originates back this past January. At the rate it's now going it'll have this gap filled by tomorrow. Yeesh indeed. John~