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Technology Stocks : Westell WSTL
WSTL 6.130+8.7%Nov 26 3:52 PM EST
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To: Jim Tao who started this subject10/21/2000 1:02:25 PM
From: blue-ptcruiser   of 21342
 
bounces? yes covd/cmtn did bounce wstl got pounded as expected due to the earnings miss more over the reduced forcast and then reluctance to provide timely information, however that being stated (about 1000 times i think last 48hrs)book is 4.85 on this and as long as markets dont turn down hard, even poor ol wstl just might bounce from these levels. longer term (which used to mean 3 years but now i think means 6-12months to today's investor) wstl yes even wstl shows promise, they might end up makeing more inspite of themselves as DSL demand remains strong, it seems more of an execution problem at present. Did we forget the Verizon strike? that had to lower installs. No i thought management should have prewarned (especially about the one time charge item ) on the bright side it is supposed to have been ONE TIME right? shorts one this round yes no doubt. well here's 52 week low for anybody to grab. it might go lower but i think the wind has been knocked out it should base in the 5 area and drift with the market. in fact if the company has any "good news" at all to release they should do so every so often (like say #of installs have reached goals..yada yada) and if market behaves i would call for possible 8-9 area in the near future. good luck to all.
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