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 : Wind River going up, up, up!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: william binder who wrote (419)12/19/1996 12:16:00 PM
From: david brower   of 10309
 
I've been watching WIND for awhile now and it tends to trade very consistently. Anytime it gets too far extended from it's 50 day moving average (as it did when it hit $53 or so), it turns around and drops back to it's 50 day moving average (only occasionally piercing through it). From there, it moves back up and generally makes a new high, then drops off and consolidates sideways. The $1.50-$2.00 moves in a day are not unusual in either direction. The point is, as long as the fundamentals stay strong (and I haven't heard anything to the contrary), when the stock is trading at it's 50 day moving average, that looks to be a good entry point. That's currently in the $45 - $46 range, i.e., today. If WIND continues in its past patterns, we should see a quick bounce up soon.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext