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Technology Stocks : Westell WSTL
WSTL 6.0100.0%Dec 18 4:00 PM EST

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To: Vladimir Zelener who wrote (15259)2/20/1999 8:02:00 PM
From: Trey McAtee  Read Replies (1) of 21342
 
vladimir--

this is something that many here and on the yahoo board have problems understanding. i am negative as hell on the company. i no longer consider it anything other than a lotto ticket (though it is one with better odds than the state variety).

while things are bad at the company, and from a fundamental perspective i see little to merit an investment, it does not effect my judgement related to the technicals which indicate a move up from here.

as for the uptrend being intact, monday will tell. as for the other ADSL stocks, pair has recovered somewhat from its lows, AWRE is still much higher than its lows, as is ORCTF. WSTL has yet to recover for a substantial period of time. thus, its a trading stock, not an investment.

good luck to all,
trey
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