Westell WSTL Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Westell WSTL

WSTL 6.000

+3.4%

1:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: P314159d who wrote (18866)	5/21/2000 9:09:00 AM
From: Michael F. Donadio	Read Replies (1) of 21342

<<"The stock dropped 30% intraday surrounding the earnings and you say it was market related? Try charting the NAZ vs WSTL on the 10 minute basis and tell me that again.">> Hi Pi, let me clarify what I wanted to express. When I say WSTL's stock action was market related what I'm really talking about is the changing way news is affecting stock performance. "Buy on rumor, sell on news" seems to be the modus operandi. I doesn't matter how good the news is -- use the rise in stock price on anticipated "good" news as a gain to sell into. Investors stand on the sidelines in a market afraid of the future right now. Good news that would have sent stocks soaring a few months ago, sends them falling instead. To some extent it helps to wring out excesses in the market, and clearly there were excesses, but that is NOT true of WSTL, IMO. The market is over-reacting and is throwing out the baby with the bath water. My hope is over this weekend investors have a chance to digest the significance of WSTL's report and strong hands invest in WSTL's exponential growth in DSL and Broadband -- the future of telecommunications. Right now I think many investors can feel confident in WESTELL, but are NOT confident in future stock performance of even la creme de la creme because of a FED threatening further raises in interest rates into an uncertain future. Thanks for the informative discussion. All the best, Michael

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next