SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?


To: Trey McAtee who wrote (15563)3/30/1999 2:13:00 PM
From: dave turliku  Read Replies (1) | Respond to of 21342
 
Well Trey...looks like this stock has shaken out the weaklings.

No volume.

No news.

No Dr.

Perhaps coming to its conclusion.

Or its beginning.

But who really cares anymore.

(How poetic...<GGG>.)

By the way, been watching any of the Canadian Internet stocks ?

Dion (DIO.TO) has Internet bingo set up and is up from 1.50 to 3.00 Cdn in five days. Cybersurf (CY.AL) on Alberta exchange up from 0.55 to 1.85 but retreating to 1.40 ish. Not hyping, I just know you like the volatile ones....

Dave



To: Trey McAtee who wrote (15563)3/30/1999 2:25:00 PM
From: Mister5By5  Read Replies (2) | Respond to of 21342
 
I want to be optimistic in the face of all this doom and gloom.

Look at the WSTL stock price (tabular format) for October and November 1998.
chart.yahoo.com

Volume dried up in early October (just like now). Stock trickled down into the 3's (even the 2's) just like now. On November 4 the big buyers came in and the stock briefly crossed 8 on November 11.

I might be an idiot (very possible) but I am going to continue to load up if this stock continues to drop. The on-balance volume charts tell me there hasn't really been a sell off. The big buyers are still holding. If they sell off, we're doomed. Until then, I think a strong rebound is coming. Buying at 3 or 4 and selling at 7 or 8 sounds good to me.

Remember, we have been drifting down on low volume. The day we are down 1/2 on 2 million shares is the day to fear losing everything. Not now. This stock is a bargain under $4.