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Technology Stocks : Wind River Systems - Technical Analysis

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To: Roadkill who wrote (356)9/25/2000 2:51:09 PM
From: Peter Church  Read Replies (1) of 431
 
Thanks for the TA! It must be my blind spot, but I have a hard time visualizing the minds behind the large short position in WIND. What could a group like that be thinking? If they know the company, they must know the momentum the business is picking up. Yet, the company's stock has stumbled badly and could do so again. There is not a lot of faith built in to the stock price. Maybe, the shorts are betting on investor ignorance here.

Do you understand how a short seller could manipulate the price to keep it below 50?

Today saw massive volume, like somebody expects a major announcement from ESC. Or maybe someone really likes our new CFO!

By the way, WIND's investment in Alameda land is a much appreciated asset for the company. Housing there has doubled in the past few years. Good work, and thanks Dick Kraber!

Anyway, 50 does look like a point of resistance and I am out for now. Plan to put down significant money here sometime in the next few months.
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