david-
good point. someone bought nearly all the techs up from the "glitch" of march/april. the chicken-little funds are in that group, i would imagine.
the thing thats buggin me lately, though, is that the support level seems to be holding for the last 6 months or so. all the charts i look at seem to indicate the stock was at the same price it is now, last dec/jan. but, there have been many positive annoucements, great earnings, etc. neglecting the "dip," which it seems all stocks have recovered from as a matter of course, wind seems to be moving sideways. your thoughts?
my opinion on the i2o matter, the comment that wind management knows of no analyst that has taken i20 revenues into account has me a little nervous. the term "whisper factor" comes to mind. the stock has been stagnant since recent earnings reports...
regards,
kris
>>Carry your logic one step further, Kris - they aren't selling WIND
either. It has had substantial support at 30-31 for the last couple
of weeks. The conclusion I would draw is that WIND, in today's market
(read: cautious), is reasonably priced in the low-to-mid 30's. Recall
that someone bought this stock up from 19. Maybe they were the smarter
mutual funds ;-) If you like trailing PE as a RELATIVE measure, WIND
was trading in the 90s late last year. Lately, its been 65-70. Just my
2 cents. |
