Leroyt, they are in 'hate' with the DSL equipment stocks now, the only thing propping up EFNT is the backing of Merrill and Goldman. We'll get ours here soon enough.
They seem to love to hold WSTL underwater until the last possible moment... slowly accumulating positions and also playing in other sandboxes until it is 'time' here. No more longterm investments in this market, no sir! Case in point: the quarterly gyrations as funds dress the window, even the monthly reporting causing them to attempt to front-run any stock being dumped.
Hence, when the bottom drops here, the funds accelerate it... not because they don't like WSTL, but they know they can probably get back in at an equal or lower price, and hence minimize risk in the meantime. Beancounters rule these days. Buy and hold? Bah humbug!
Top off that this has been a strong shorter's market for much of the time since April. See what happens when shorts swarm, buyers back out, and institutions dump on way down to lock in what's left... that's WSTL's pattern. To know it is to play it is to love it.
To return to your thought, the SBC connection won't matter for WSTL until 2-3 quarters forward, so the street won't care until closer to realization of revenue.
We should see modest moves up for our CC, and if they just meet the estimates but then can provide bullish guidance for the next Q, we may get our bigger move following the call, not heading into it like the last few. We'll see.
Good luck to all! |
