>>Well, if WIND's #'s aren't up to par, I've heard Swiss chocolate is an excellent anti-depressant!<<
With the chart pattern that's shaping up, WIND holders shouldn't need any anti-depressants. Resistance is at 50 5/8. The 50 DMA is still below the 200 DMA, suggesting that we might hold below this resistance for the next few weeks until the 50 DMA crosses above the 200 DMA. That's not a given, however. If we break 50 5/8 on volume, new all-time highs are a given within a few weeks or months. We could break this number today, or not until November. It's hard to tell, particularly because there are a couple of million shares short, and those players will probably do their best to keep us in the 40s. They can't hold the price down forever. But if they're motivated (and 2 MM shares short suggests that they are), they can hold WIND down for a lot longer that the chart suggests. The ideal pattern would have WIND continue bouncing between the mid-40s and 50 5/8 until the 50 DMA catches up the price. Given the current trajectory, that probably won't occur until sometime in November (a few weeks before earnings, perhaps?). Take a look at the CHKP chart from about a year and a half ago for an example of an explosive move out of this type of pattern. Not that WIND will be a 20-bagger anytime soon, but one can wish. :o) As always, all IMHO.
RK |
