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

To: Michael F. Donadio who wrote (19217)	6/29/2000 1:19:00 PM
From: SpecialK	Respond to of 21342

WSTL represents what is the stock market. People on both sides who predict/ place bets with their money on the direction/ future of a company/ stock. If the expectation are for great results and huge growth, and the company produces, it should be rewarded for the achievement. Who can tell me that the move from 3 to 13 doesn't justify the progress made and the expectation? The move up to 40 was pure momentum, now the move lower may be pure momentum, it may still have lower to go. When the pendulum swings in the other direction, as IT ALWAYS DOES. we will head higher without abandon, the shorts who now make money, will have to go long, sit out or lose money if they remain short. In a market, where all types of investors exist, even call many traders. Who can say why the market can support an INKT, AKAM, YHOO, at 100X sales and more and why stocks like WSTL sit at 1X sales? Everyone and their money justify these valuations and movements in the markets. Many don't care about the companies they invest in, as long as the stock goes up, purely technical decisions. What's my point? Long term, the company does matter. The company has improved and continues to do so. The stock has too. From what I know, this company is on track to drastically grow faster than estimated and anyone's imagination. In time, the markets will realize this. Where is the bottom? Don't know. Where is the top? Don't know. That will be the next question, when the first one is answered. Folks will predict, but as always, they will be wrong.