Chart of the Day: Westell Technologies

According to Yahoo!Finance, “Westell Technologies (WSTL), Inc., through its subsidiary, Westell, Inc., designs and distributes telecommunications products to telephone companies in the United States. The company operates through three segments: In-Building Wireless (IBW), Intelligent Site Management and Services (ISMS), and Communications Network Solutions (CNS).”

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The Study of Failure

“The great destroyer of stock market analysts is their own pride of opinion. Pride has ruined more so-called market experts than has any other single character defect. The public, in its innocence, all too frequently mistakes the analyst’s pride for ‘intelligent confidence’ or 'steadfastness.’ So the public’s losses are often linked to the analyst’s defective prophecies (Russell, Richard. Dow Theory Letters. March 28, 1975. page 1.).”

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