Westell WSTL Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Westell WSTL

WSTL 5.470

-4.0%

2:03 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robet Butkus who wrote (9352)	2/10/1998 9:49:00 PM
From: JEFF A. KEHL	Read Replies (2) of 21342

When the Wintelpaq announcements came out toward the end of January, WSTL did all right for a few days, but then it trended persistently downward until around February 4th. Every time it would try and rally it would be hit with large amounts of selling. Then on February 4th when this came out: Message 3352698 WSTL suddenly started trending back up again and has looked pretty solid since. It looks to me like State Street Research had a boatload of shares they wanted to sell and used the Wintelpaq news to do so. Hopefully they had no information but just wanted out after WSTL had dropped so much. There seem to be plenty of buyers out there now, and I also think WSTL will continue to head up from here. Anyone who's been following WSTL longer know anything about State Street Research?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next