Wind River Systems - Technical Analysis Message Board

STOCKTALK

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 Systems - Technical Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Knox who wrote (365)	10/10/2000 12:20:09 PM
From: Peter Church	Read Replies (1) of 431

My Technical Analysis book by Thornsett says, "A gap might anticipate a significant and sudden change." It also says that filling the gap within a few days reestablishes the old trading range. I don't know why a gap would need filling even months down the road. It's psychological importance is more short term, if I am correct. We saw several gaps leading from 30 to 50 and culminating the day after the last earnings release. Being added to the SP400 was also fortuitous. I think we are in a period of changing perceptions about WIND and that is positive. However, I would wait until the dust settles here and we form and test a bottom again. No telling when that might be but we're not even close yet. The risk that we are in a primary bear market is weighing down the Nasdaq. If a bear market develops, even greatly oversold names will get even more oversold. Plus, there's that problem with a triple top at "50" that still looks very challenging for the stock. I'm playing it safe now, having been burned by overenthusiasm here (just last week). Buying puts or selling calls was the better trade. Best luck!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next