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

To: Trey McAtee who wrote (7346)	10/28/1997 5:20:00 AM
From: Johnathan C. Doe	Read Replies (1) \| Respond to of 21342

Trey, tech stocks dropped well over 20% between Jan. and April of '97. Many including Westell dropped far more than 20%, was it 60% and took it right down into single digits. Westell didn't go into single digits because anyone thought there was anything going on with the company or ADSL or any of that. Westell went into single digits because big money interests dumped Westell and small investors went out as it went down. Buy and selling in these market conditions often is irrational and individual stocks exhibit price declines that make no sense. If the market thinks the contracts are great, but they won't generate money for 6 months, they might take the stock down as if it will never generate money. That is how it has worked before this year, and it might work again. If tech stocks are totally out, Westell is in single digits, you can be sure of that.

To: Trey McAtee who wrote (7346)	10/28/1997 5:39:00 AM
From: Johnathan C. Doe	Read Replies (1) \| Respond to of 21342

As for this correction kicking off a recession, the market is still up huge. Wasn't it Greenspan who has said repeatedly that the market is ahead of itself and nobody will listen? We are in a new age, a new market, up up up, the bull never ends. People might be heading for a stock market lesson taught many times before. We already know from the tech slaughter in the beginning of this year that selling doesn't have anything to do with the health of the economy or the near or long term prospects of the individual companies. The the market wants to sell, it sells. When all the calm big money folks talk about not being concerned and there isn't any connection with Hong Kong and the world markets, they don't want people to sell, but they sure are planning to sell. They aren't going to be tell you and I to sell. They need someone to unload their positions on. I haven't sold one thing I own, but I am half in cash right now and I am waiting to see what sale prices we end up with. I don't plan to buy yet.