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


To: DBrian who wrote (17243)11/4/1999 9:37:00 PM
From: mike cobble  Read Replies (2) | Respond to of 21342
 
Well, if past experience is any indication. You're now the proud owner of a lame dog. And the contrarian in me, says it's good to buy stocks when people are real negative. (like this) I'm still "holding" my wstl, but have learned not to purchase any more, cuz this dog has been a bad puppy. I "think" things will improve, but I've been sucked into too many sucker rallies on this one. Technically it would seem this stock just won't move up until it closes over 7.5 for some time, but of course it is a news stock, wstl just doesn't know how to produce good news or doesn't have any to give... I'm placing my bets, this moves down after watching and owning it for 3 years (much of it painful at that). Not short (don't short stocks) just lost my patience on this stock long ago, always glad to see new wstl investors jumping on the boat to help bail water though... mike