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


To: Mike Ulrich who wrote (12419)7/31/1998 10:55:00 AM
From: Kevin Thompson  Read Replies (1) | Respond to of 21342
 
Mike:

Nothing about the current situation in funny... I understand Skiawal's frustration, though. Some of us are losing everything on this dog...

Reasons for stock decline:
Cable in favor
End of the quarter window dressing
Seamans selling
Margin-loss related selling
Short action

We hit $6 1/2 new all time low- stock seems? to be rebounding from there on decent volume... perhaps we've etched the bottom. If we can somehow close higher than yesterdays close, there is an excellent chance that this is so...

A good chart to examine new lows, then nice reversal is IMNT (now being acquired at the recent high- why don't companies get bought out at the low?) Perhaps this is what it takes to get management talking to potential suitors...

Kev



To: Mike Ulrich who wrote (12419)7/31/1998 10:55:00 AM
From: Skiawal  Respond to of 21342
 
Hey Mike, I ASSume that you are new to wstl since you don't get the sad humor of my post...NO WSTL didn't lose BA or anyone else, but the stock trades as it has. There is no explanation for this and don't expect to hear anything from the TOP mgmt of WSTL...they are useless.

If you think that I find this amusing...you are sadly mistaken since my ave price is over 20 and I am NOT holding hundreds of shrs!!!

Trey...towel is in hand!