Trey,
This whole story is just so frustrating. I don't believe this latest
decline is as much related to Westell as it is to the market in general. After the recent sell-off, many big name & blue chip stocks were ready for a bounce and that is where the money is heading. The last place it will go is to small stocks like Westell. The buyers are all chasing Lucent and Dell because there is upward momentum and great liquidity there. So, no buyers for Westell, only sellers who then put that money into a rising blue chip. We go down in the sell-off and even lower in the recovery because there are just no buyers for small stocks in this situation. You are right, and I have also seen this many times before, but it is very hard to stomach. This is actually what I was waiting on to load up, yet now that it is here I don't feel as compelled to do it. Pretty funny, eh?
All those buyout rumors are just plain B.S. and wishful thinking. Without any real news from the company or a real takeover situation, this stock will do nothing. The problem is, when it eventually does move up, it will be sudden, so you have to be in it. Amati and Westell both sold way off last year only to come back strong when the small caps rallied. Do you think there will be a rally this year? Small stocks look really sick.
Regards,
Dave |
