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

To: michael piegza who wrote (7336)	10/27/1997 11:42:00 PM
From: Johnathan C. Doe	Read Replies (2) \| Respond to of 21342

Michael, Westell just showed up on my list tonight. Don't know much about the company, but I agree that looking at the chart, tax selling could be folded into this Hong Kong selloff. Why not sell for all the other reasons right now and blame it all on Hong Kong. My concern about Westell is that based on the earnings, this is a very speculative stock to own and it might get killed if further serious selling takes place. I think that selling will take place. I think we could see Westell revisit the single digits temporarily before this thing works out. I am planning on a 20% correction which will not likely be a straight line down. That is 20% in the DOW. Westell might lose 60%.