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

To: x70sxn who wrote (7962)11/23/1997 6:26:00 PM
From: Timothy K Robbins  Read Replies (4) | Respond to of 21342
 
Hi shrini

Here is a strategy to consider.

Friday, I bought:

5 Dec 20c @ 5/8
5 Dec 15p @ 3/4

I'm not sure which way this one is headed, but if WSTL trades down about 1 or up about 1 1/2, this option position can be canceled with a nice profit for a few days trouble.

GLA

Tim



To: x70sxn who wrote (7962)11/23/1997 7:01:00 PM
From: Trey McAtee  Respond to of 21342
 
shrini-

i think it was done as a show of strength, kind of like saying...'we are building a war chest'.

plus, i think the SEC requires the announcement<G>.

good luck to all,
trey


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