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

To: bill c. who wrote (7936)	11/21/1997 10:31:00 PM
From: x70sxn	Read Replies (3) \| Respond to of 21342

Bill et all: Something does not add up right. I need peoples insight...whether my conclusions are valid w.r.t to the EVENT/PRICE of wstl. EVENTS WSTL AMTX 1. Before AMTX take over: 26-28 14-16 2. Day the takeover ann.: 22-23 ~19 3. Oct27-correction : 15-16(?) 11-14 4. Just before TI ann. : 18-19 15-16 5. After TI ann. : 18-21 20~ 6. 11/20 : 17-18 7. 11/21 : 16-17 (Ended up from the lows) Now, Event 1: Before the confusion started the wstl had cap no dmt. Was expecting 3 contracts. Price around 26-28. Event 2: Good for wstl got dmt, spend 5mil for loan, 390mil(approx)for stock -along with the RD expenses and their contracts and contacts. Price around 22-23. * Evnet 3: Market correction danced between 14-18. Event 4: Between events 3-4, GTE announced the long awaited contract with WSTL. The price was between 18-19. Event 5: The TI announcement comes. WSTL gets 14+5=19mil for their signatures along with the AMTX modem contracts, TI's special relationships and most importantly DMT. Special points to note Remember when AMTX signed with TI it was big,,,BIG,,,thing for AMTX... And this sweet deal for WSTL not only will strike rich when they place their bids but also during their development with the standards based stuff. The stock dilution avoided saved atleast 180mil in the short term. The price was between 18-21 and ended at 18+.(?). Event 6: Every body is confused. Price drifts lower. And Dain's downgrade enters. Well, price ends at the low 17s. (Please keep in mind that I have no trust in these analysts opinions...It is basically like non event in the list...except for the aimless price movements.) Event 7: Manged to keep the wstl below 17.5...(Letting approximately 2000 contracts of 17.5, 20s etc expire). Almost closes above 17. The double witching day ends, options expire, unscom inspectors enter iraq, korea get IMF help...things are getting cleared and confusion is getting wiped off. Conclusion: If this should go back to pre wstl merger announcements and adding the positives as stated in event 5 discussions the price should be atleast 22-23. Or at event 2: Is it not? Let the sun shine on monday, within two months we will have better days.[This makes me a Bull I guess-g-] Am I way off here?-g- If the ND and DOW supports are retested we can buy more at 12-13 else wstl is ready to move to the 1998 year with a big bang... Shrini Gald that WSTL is at affordable prices. PS: I see that the volume was almost 2+ times the avarage daily volume. And I see most of it coming after 2:00 when the stock was moving up...-what gives?