Trey, Michael - WSTL Slide
Whenever a stock slides we here the same tones.
Anyone who bought into WSTL should have asked
about the volatility, you can see it in the charts.
I've watched WSTL go from $10. Jan 96 to $85
in June 96, Split then go to $20. Then head up to $45.
Oct. 96, only to fall to$10 in Mar. 97, rebound to $25.
in Sept. 97. and now fall to $11 9/16.
Why are you surprised? A quick look at a 720 day
chart shows the volatility very plainly.
I sold Amati at 19 13/16 rather than tender, to take advantage
of the buying opportunity in WSTL, hoping to make up the sorry $20.
we got for Amati.
I've played the game in WSTL a few times, as I did in Amati.
The Insiders have filled to sell, which does not mean they are
selling today, but at some point in the future, if they so desire.
When I sold Amati, WSTL was 14 1/2, and I've been patiently
waiting, and I'm still looking for the bottom.
Sorry your profits have disappeared, but they will return and you can make your exit. I have grown to like the volatility, in AMTX and WSTL, buy Low and sell High, and not hold out for pie in the sky, though the days of volatility are coming to and end as we get closer to the reality of ADSL to our homes, and WSTL could head for $85 again at any time, but don't hold it all waiting for it.
Fundamentally WSTL is in the best position it has ever been in,
the TI Partnership was a key play.
Note: Keep up the good work Curly!
Anyone wanting an Audio Primer on VPN head to
nwfusion.com
Regards
JW@KSC |
