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Technology Stocks : Westell WSTL
WSTL 6.150-0.6%Jan 23 9:30 AM EST
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To: Skiawal who wrote (11620)6/18/1998 1:29:00 PM
From: Andreas Helke  Read Replies (1) of 21342
 
There is a relationship between ADSL and internet stocks. The internet stocks are currently in the same phase were the DSL stocks were 2 years ago. It was simply absurd that in 1996 Amati traded at $36 and Westell at $55. Now all the hype is gone and Westell is trading at its proper price of $10. I imagine that we will see a similar price deflation in several of the internet stocks. But I am no longer betting on it from the short side. Being short Amazon from $29 to $42 was bad enough.

Andreas
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