Wind River going up, up, up! Message Board

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

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To: F. Foos who wrote (959)	4/24/1997 11:12:00 AM
From: Allen Benn	of 10309

>Allen, your silence has been deafening. I promise not to spend >any more time trying to read the knots on some short-seller's head. Sorry I did not respond to your latest inquiry, I decided to respond on the thread instead. For the record, Frank Foos alerted me to his theory that shorts were extremely active in WIND, and we were communicating about what data might be available to tie this down, and what it would take to turn all this around - not just for WIND but the whole software sector. Frank was questioning wondering whether we the H&Q Tech Show will be sufficient to cause a reversal. Then, out of the blue, a trader friend of mine informed me of news reports of shorts attacking momentum funds, specifically including Pilgrim-Baxter's PBHG fund. Hence the post last night on the short attack. >If the 32% growth rate could be guaranteed, the market would >probably bid up the value by 4X on tomorrow's open. This statement shows you understand the basis of stock valuation. We might argue details, like counting angels on the head of a pin, but your ball park assessment is correct. Allen

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