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


To: Czechsinthemail who wrote (20562)9/28/2000 2:47:44 PM
From: John Curtis  Read Replies (1) | Respond to of 21342
 
Baird: I saw that statement earlier over on the Yahoo thread. It certainly goes a ways in explaining WSTL's current malaise, as this stock just cannot seem to get out of its own way.

But the statement also throws the baby out the window with the bath water, me thinks. There appears to be no consideration for where the other companies in this sector actually stand, much less taking that kind of look and banging it up against the reality of the underlying equities current valuation. They're taking one company, and its statements, and making it an indictment of the entire sector? So this type of evaluation is what it takes to be an analyst these days? Sheeeesh....where do I apply? Heh!

Anyway, based on todays lackluster trading pattern I've got the feeling I'll be standing here tomorrow looking to use some more "powder" in not only continuing to enlarge my core holdings, but also in continuing to build a traders position I'll let go of somewhere north of $17 (given I see resistance at $18 to the upside). And this be fine by me.

John~