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Technology Stocks : Wind River going up, up, up!

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To: lkj who wrote (4775)4/8/1999 12:57:00 PM
From: Joe Smith   of 10309
 
ikj-- I know that all of this smoke and mirrors is frustrating and there was still some smoke and mirrors in that conference call, but there will always be smoke and mirrors. We don't seem to mind it when it is making us money and it sure pisses us off when we are losing money. That is the psychology of the investor. Nothing really has changed. The story is just less compelling, hopefully temporarily. Wall Street's punishment was greatly exaggerated just as its reward for the the Pathfinder landing was exaggerated (I didn't mind that at all!!!)

What I also heard was some very savvy management, trying their best to adapt in a fast-changing market. With the market moving as quickly as it is, no wonder Wall St. overreacts. So there are great swings despite management's great efforts to smooth out the chart. Imagine the chart if management was truly incompetent.

So a lot of shorts woke up, saw very little drop and they covered their position on the news, figuring that the ride was over for now. Now let's see what happens...
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