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


To: Skiawal who wrote (14403)12/24/1998 1:09:00 AM
From: dave turliku  Read Replies (3) | Respond to of 21342
 
Just bit the bullet and recommitted at 4 17/32nd.

Bought double my initial position, tripling my position, and thankfully averaging down.

Perhaps I should be committed, but watching the volume/price action, this just seemed to be right in my gut.

Add Dr. Tech's comments, an erie silence, and the beginning of mainstream media on ADSL, and it just felt right.

My hopes are also that this stock has been particularly hard hit by year-end tax selling.

Another curious thing is the abundance of analyst Buy and Stron Buy recommendations (yeah yeah, I know they are snakes...) combined with the shift in short position - we are at a 12 month low of shares shorted on this stock, with an average of 1.33 shorted shares vs. average daily volume (this ratio has been up to 10 !)......

viwes.com

Merry Christmas everyone.

Dave