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

To: max power who wrote (19019)	6/2/2000 12:28:00 PM
From: P. Ramamoorthy	Read Replies (3) \| Respond to of 21342

max power, It is difficult (for me) to predict daily price swings, in such volatile markets. The general markets are reacting positively to the employment news, speculating that Fed rate hikes may be ending. WSTL and other tech stocks are enjoying the positive lift provided by the general market. Some of the institution money may be coming back into the equity market. There is probably quite a lot of money waiting on the sidelines. WSTL reversed the downtrend from the low of 13-14 and is trying to establish an uptrend. I did not see WSTL breaking down to the $10 level. On the contrary, we could not rule some "concerted shorting" to take advantage of the bearish sentiments. Pi gave his analysis of the margin problems and KBRO gave additional insights into the margin problem. WSTL's market cap may not go up to match EFNT's, but rather both WSTL and EFNT will seek new levels - EFNT may come down, WSTL may go up. The DSL sales will be huge. The question is how much of the revenues goes to the bottom line. A sense of "value" has kicked in, after the March decline of the dot com companies. We need more news from WSTL, good earnings report, and an optimistic market this summer, for a high stock price. I am a long term holder, long enough for the low capital gain tax rate and long enough for the WSTL story to unfold. Ram