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


To: LiPolymer who wrote (20621)10/3/2000 2:43:39 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 21342
 
More sellers than buyers!:

"W S T L US $ Dn 1 1 7/8 - 3/8 Q Q Dn11 13/16/11 7/8 Q 1x15 Equity T S M
At 14:41 Vol 1,251,500 Op 12 7/16 Q Hi 12 3/4 Q Lo 11 3/16 Q ValTrd 14818574
T R A D E S U M M A R Y M A T R I X PAGE 1 OF 4
WSTL US Equity WESTELL TECHNOLOGIES INC-A Telecommunication Equip

8:10 10/ 3/00 TO 14:42 10/ 3/00 (N=NET,P=%) N (V=VOLUME,T=TRADES)V Volume
VOLUME-WTD AVG: 11.8417 STND DEV: 0.3053 NUMBER OF TRADES 1,875
SPREAD / PRICE RATIO .0053 USD AVG TRADE SIZE 667
Price Trades Volume Bid Mid Ask
13 1 100 0 0 100
12 3/4 4 1,100 0 0 1,100
12 11/16 3 400 0 0 400
12 5/8 24 15,900 900 7,000 8,000
12 19/32 1 300 0 300 0
12 9/16 20 6,900 1,600 2,400 2,900
12 1/2 55 36,800 25,000 3,200 8,600
12 7/16 30 20,200 2,200 15,300 2,700
12 3/8 10 11,500 11,000 0 500
12 5/16 9 5,000 200 2,000 2,800
12 1/4 20 27,300 16,400 700 10,200
12 3/16 5 3,200 1,200 2,000 0
12 1/8 78 56,000 19,800 400 35,800
TOTALS: 1,875 1,250,500 714,300 122,200 414,000



To: LiPolymer who wrote (20621)10/3/2000 3:02:32 PM
From: John Curtis  Read Replies (1) | Respond to of 21342
 
Anyone else getting the impression that what we're watching here today has been the usual shortie close out activity? That is...hammer it down and cover on the pause. Then undercut the bid to drive it down again to a certain point then cover some more?

This tactic is typically easy to implement once buying has been completely discouraged. And from what I can see on the buy demand side the market seems to want to do nothing more more than sit on its hands right now. Uhhhh....this is aside from the upwards pressure that happens right after the 'ol bid undercut. Heh!

I'd buy some more meself at this level, but I want to see where it goes later today, and maybe tomorrow. I've a feeling whoever's playing this equity isn't done yet. I figure at least one more slide....there's just something about that $10 target I can't get out of my head.

John~