bruce--
no, i dont think anyone is going to jump down your throat. the crux of the matter for WSTL is potential. but you are correct about management knowing when to sell. however, they have (over the last year) sold stock mostly in the high teens and 20's. i dont recall them selling anything at these levels, and in fact zionts was buying at close to these levels last year. i think the selling you are seeing was from a filing last december, but that wasnt management...it was members of the penny family trust if memory serves correctly.
**this part is corrected after original post***
i did not know that seamens filed to sell shares. but, as far as we know he isnt even with the company anymore in any capacity other than name.
the simple fact of the matter though is that little has changed between now and when the stock was above 15. we still have BEL and GTE, maybe one more big one. but as always..we have to wait to see actual results.
**end ammendment**
i do expect profits regardless of the 10-Q. this is basically a CYA notice and is intended i believe the dissuade analysts from being overly optomistic. that being said i do not think they will be large profits, and i foresee losses for at least the next few quarters, as cost cutting measures begin to bear fruit.
this is a dangerous stock, mostly good for options and short term long/short plays. in other words it is a trading stock. until management delivers on t contracts, profits, etc. we can expect more of the same.
good luck to all,
trey |
