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Technology Stocks : Westell WSTL
WSTL 6.140-0.5%Dec 26 2:25 PM EST

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To: Trey McAtee who wrote (7329)10/27/1997 9:53:00 PM
From: Skiawal  Read Replies (3) of 21342
 
Trey

" i just do not have an explaination for any of this. ASIA affecting us?
i dont get it. i understand the mechanics of the situation. but it
should not have had this kind of an impact on us. our economy is strong,
inflation is nil, interest rates are heading lower and earnings are
either mostly good or in line."

You're absolutely correct. The asian market does NOT effect us to the extent we are seeing. This is just a big excuse for the MM to bring a stock down on low volume. The MM are making all the money. Not only did I not have one of my clients sell today, but in fact nobody even called me. I spoke with some other brokers today and they also were NOT selling but infact telling their clients to send $$$ for buying tomorrow. Things couldn't be better here in the USA...we just need a brief stop in selling and the buying will take over again.

I wouldn't be surprised to see WSTL hit $13 tomorrow. Prob. will open $14.5...Wow what a buying opp.

Hang tough...Go WSTL
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