Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Skiawal who wrote (16816)	8/4/1999 9:23:00 AM
From: Tony Wang	Read Replies (1) \| Respond to of 21342

WSTL is getting to that attractive level again. ($7.00) Notice off the $3.90 low early this year we have been having higher lows each time down. Except for that wierd day in April, where it reached $11 1/8, WSTL has actually made higher highs. First $8 ish capped rallies, now $9 1/2 caps rallies. This is generally positive price action. And the outstanding short position is large enough to provide a big bid when positive news comes out. Fundamentally, we are at the point of consumer-interface with DSL technology. It seems to be gaining wide acceptance, especially as the cable modems can't expand fast enough to keep up with demand. AT HOme has a 3 month wait time for access in NYC - midtown. (Available in Dec. according to the company's sales dept.) In suburban Phoenix it is a 6 month wait. DSL is moving in during this window of opportunity. That is why Bell Atlantic is doubling their purchases. They may have to quadruple their purchases. The 56 K is going the way of the 28.8 modem of 1996. Trading at 3x sales for a tech firm when the SP500 is averaging 3x sales is relatively cheap. Bottom line? Waiting for $7.00 entry point.