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Technology Stocks : Westell WSTL
WSTL 5.680+4.6%Nov 20 4:00 PM EST
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To: Curlton Latts who wrote (8353)12/17/1997 5:14:00 PM
From: Norman Klein  Read Replies (2) of 21342
 
Curly, your critical objectivity has failed you.

I have to call you on the carpet on this one, because you aren't being square with yourself and many people follow your views. You and everyone else had advance warning of this situation.

A few months ago (more than 90 days), you stated that the 3 announced contracts were b*llsh*t and that Westell had 90 days to produce. Well, those 90 days have elapsed and there is no contracts. So why are you still here?? I (fortunately or unfortunately) had options, so I was forced to end my investment in Westell.

When you draw a line in the sand, you have to follow through or you have no one to blame but yourselves for your huge losses. Remember your first goal as an investor is the conservation of your assets. Read any investment book and they will all state that the most important lesson for an investor is to learn to limit losses to 25%. Since ADSL is undeniably volatile, you can move that up to 50%. But WSTL has fallen over 60% (if Aware dropped below $8, I would definitely get out).

Your quote from above "I'm looking for a big stock price upsurge to result from Seaman's getting out of the hospital" is simply unrealistic. You really think that anyone on Wall St. could possibly care if he comes back. Westell is faced with severe businees and technical problems, and Seamans or no Seamans is going to change that.

Still wish you the best of luck and hope that everything works out for you and that I am completely wrong in everything that I said.
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