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Westell Technologies, Inc. Message Board

  • phennes591 phennes591 Oct 23, 2009 11:31 AM Flag

    Market Makers...Where Is The Followthrough??

    Down 7 cents on only 322,000 shares in the first 2 hours???

    This is starting to look more like an effort by the market makers to get the stock down a bit for a while before we get another run up.

    I think what we had here was an effort to get the range down to to the $1.20-$1.30 area and this was quite easy to do with the initial reaction during the first hour or two of trading yesterday.

    But really after about 11:30AM yesterday volume started to drop off and there was more of an effort to target the stock to $1.30 or lower.

    My real question is with the volume and lack of it yesterday. By about 1PM volume had really dropped off and even today is not what it should be for a move down of this size.

    Remember the move we had on the upside 3 months ago...We traded over 11.5 million shares in 5 days!!!...It appears we will be not even close to those numbers on this latest move.

    Basically moving a stock up or down is an art...and the market is about perception and emotion and reading between the lines...I fear that we may have been played a bit here yesterday....Time will tell.

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    • Not sure that we'll see another run up. How can investors get excited about a company when the CEO himself can't. The press release, in my opinion, was amateur at best. They lost a lot of shareholder money simply because they were trying to ??? That's the big question - what were they trying to accomplish by saying what they did?

      Also, why are they attending the investor conference? Doesn't sound like they have much of value to say. I hate to say this but I think it's game over. Good thing Gilbert's bonus is guaranteed.

      Again, just my opinion and nothing more.

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