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Technology Stocks : Westell WSTL
WSTL 6.020+0.3%Jan 12 2:56 PM EST
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To: Trey McAtee who wrote (13579)10/13/1998 8:33:00 PM
From: Dug  Read Replies (3) of 21342
 
<maybe this is the sign of a bottom we have been waiting for>

Tey, :} I don't think so as the market dumped on another formation Wstl had going & we are way beyond chasing a bottom here. Its no longer a matter of if we hit the bottom but how low we go. Stocks do trade below book & they do get delisted. I personally don't think we will but the company isn't saying squat. You know, that rebate is good all the way up to June of 99. Are they saying we can go thru these before anyone thinks or do they think its going to take that long. I don't think it will but Wstl sure isn't letting us know either. Im of the opinion that any purchase here is a pure gamble. Tempting but still a gamble. I think that the Fed is our only hope @ this point.

<BTW--did you got the EK puts?>

No, as this bad dog is killing me not to mention the others here that have been hurt really bad. I did notice that more than a few people on SI made out pretty good on that one. Nice call Trey. Ya know I don't think Wstl has anything of substance to announce. More hurry up & wait w/ this one. I do think we will see a small earnings surprise next quarter but it won't be enough by then. I also agree w/ you that the LBO is BS. Did anyone ever find out if its lifted. I hope for their sake that it is b/c they have released news since then & any BO talk would be poor judgement IHMO. Off to check any kind of hope on Wstl's chart but looking for bearish tones might be in order.

Dug

P.S.

If BA doesn't help the bottom line we are in big trouble as I don't expect anything from BT. Ill believe it when I see it.
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