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Technology Stocks : Wind River Systems - Technical Analysis
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To: tom ablett who wrote (386)2/12/2001 11:07:35 AM
From: Peter Church  Read Replies (2) of 431
 
WIND (30.75)
Looks like nothing going on here but fear of the market and blind dumping. There is an attraction to round numbers (30) but I'm buying at 30.75 anyway. Will the market cooperate? I'd expect some kind of earnings run in the next couple of weeks, so the lows today probably won't last for more than a day. Bargain hunting foolishness?

That failure to break 40 was a negative short term. Playing the short term downside of WIND is almost a better bet than waiting for the bounces.
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