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


To: Skiawal who wrote (7919)11/21/1997 2:08:00 PM
From: Trey McAtee  Read Replies (1) | Respond to of 21342
 
richard-

thats the last time i tell you anything<G>! i didnt want to post it on the thread b/c i didnt want to hype the stock with rumors.

anyway....i heard from a friend last night that LU would make an offer today. he said it would be at the open. well, guess PRN just didnt pick it up<VBG>.

anyway, what is being played out now has nothing to do with the company, but it does have everything to do with the market makers. look at PAIR. they have a great deployment announcement, but the stock is still way off its high. someone is playing with the entire sector trying to squeeze out the weak knee masses. just have to wait them out, or play their game. that being the case, does anyone want to post a trading strategy ST?

the only thing that has worked for me so far is buying out of the money calls and selling them as soon as i can get out at a good price. yeah, its dangerous, but it works. anyone have any other ideas?

good luck to all,
trey