Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 6.000

-3.1%

2:47 PM EST

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To: Dave Krishna who wrote (15377)	3/9/1999 11:36:00 PM
From: Mister5By5	Read Replies (2) of 21342

>The only positive note, which I find hard to understand, is that IBD >still has Westell ranked an "A" for accumulation. The stock has >tanked from 9 to 4 11/16, and IBD still gives it the highest rank >for accumulation. If you look at the on-balance volume charts, there hasn't been any sell off in the last 6 months. The accumulation started back in September. What seems to happen is that the big block trades drive the price up, and then the small investors bring it back down by gradually dumping their shares as frustration sets in. The big buyers are holding. Lets hope that they know something.

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