Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 5.760

+0.2%

Dec 31 3:47 PM EST

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To: William Clopton who wrote (776)	10/9/1996 3:32:00 PM
From: kenneth kountz	of 21342

Will: Thanks for your comments. Bargains are usually accompanied by a rush of purchasers, but the past few days everyone is still heading for the WSTL exit door. The 44% drop (from 46 to the present 25.75 range) in the stock price reminds me of the October 1987 Black Monday market crash. Hopefully WSTL will rebound similarly. But today we got CAP or DMT on sale-come and get it. Just think - this company lost over $725 million in capitalization in the past 3 days! This is devastating to any company plans to use stock for acquistions, borrowing power, etc. What a carnage we are witnessing! Its kind of interesting in a macabe sense.

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