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

To: Dug who wrote (11660)	6/19/1998 7:35:00 PM
From: Trey McAtee	Respond to of 21342

dug-- no, its 16 mos and running, or pretty close to it. we started buying WSTL in spring,1997. on LU i am pretty sure they will announce what they are planning as far as an overall strategy pretty soon, but as for details they would be stupid to reveal them. oh yeah, someone posted that seamens is probably still keeping in touch with management. this i doubt... a) he is selling regularly and pushing down the stock. management has shares and i think they are about as pleased with this as we are. b) the company may still be sued because of him. i hesitate to say this, but i fell pretty sure he is persona non grata now at WSTL. if not, he should be and management is very foolish. i think this will turn out ok dug, but i just hate to waste the time. there are a lot of places i could put cash, if i had it to spend. my reserves are pretty depleted since i sold off most of my NDX put position and have put the cash into longs. i am still holding a bunch of DJX puts, even after selling today, but i know the dow is going lower so it kills me to sell them for cash. a word of advice for anyone who wants to make a little easy money...the next time MSFT approaches the mid to low 80s, sell naked puts. good luck to all, trey