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

To: Skiawal who wrote (18524)	4/12/2000 11:51:00 PM
From: P314159d	Respond to of 21342

Can new economy cos. beating estimates save the whole NAZ overvaluation? Who? and No! See if we blast through about 300 some points and recover, just under the 200 dma. I have said it before this is an environment for puts and shorts. Current read today was SPZQO and SPZQE. QE can still work tomorrow, but will the buyers come in? What buyers?! They got in at 4000 to 4400 move! Got both and should add to the QD on WSTL tomorrow, but not sure. But Ski, plenty of water left. NAZ was overvalued at 2000 and it went down to 1400 in 1998. It still had huge PEs on the best (CSCOs etc). It could go down there and still not present "real value" for PEGs on those guys. So don't think the ship has filled up just yet. Not that I say it goes that low, but don't confuse the value equation. It still looks bad.