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

To: Skiawal who wrote (19805)	8/2/2000 11:59:27 PM
From: P314159d	Read Replies (1) \| Respond to of 21342

Whoa, you are grouping way too many things in a normal correction. First off, it begins as a correction as all stocks do. From overbought and a 100+% runup, it will give back. I think I pointed out the Doji day at 29 right near the peak day. A warning for reversal was honored. >Cash Flow problem. This is not the same as having revolving credit to keep paying the bills. Don't have enough money this month? Get another credit card. that is what cash flow problems are. You can still book cash on the B/S AND increase your Current Liability with a revolver. But keep doing that and you will use that revolver to shoot your company in the head. It means that the company cannot sustain its business profile without new funds from the market. this is an event the growth fund mgrs hate when a stock is not on a roll. >> Street reaction over 2 weeks. I don't think the selloff of 6 days is just this problem. It only adds to it. Everyone likes momentum and the eps was good enough to let the B/S go for a bit. then the market trouble plus this and some insider selling leads this one after another back down. add in this Verizon strike which scares people in little stocks like this. >>Auric is right. I think he wrote enough on this subject. I think AURIC is very sure of himself enough to declare "being right". He has come out with rhetoric as it falls, I think he maybe happy to cover his 21 or 22 short here (after he swallowed 30). I am just happy he raised his August 10 dollar target to 14 now. Always right. I looked in the dictionary under "auric" and found 1. of or pertaining to gold; 2. always right; 3. always short, especially as it relates to the johnson thing. Of course, I have an unusual dictionary. >>MZ was very specific ... yada As specific as why he sold all those shares? MZ is selling the prospects to anyone who listens. The revolver is not cash and the c/E from the B/S cannot be fixed until CPI spinoff, secondary or huge cash flow positive. One or all of which come in the next 2 to 3 qtrs. I was (and analysts too) became concerned when the timetable for the cash flow positive was not discussed in detail. I expect the numbers didn't jive for the analysts after calls to the company to determine the "when" in cash flow analysis. So when does WSTL bottom this time and when does it go back up? I have a feeling you'll wanna read my message I give DT and max and others on my list. You should see it tomorrow