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Technology Stocks : Wonderware (WNDR)
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To: Joey Rodems who wrote (684)8/11/1997 10:26:00 AM
From: John D. White   of 954
 
Very few stocks ever go straight up.

I expect the market to take some time and digest this news and the recent gains. WNDR needs to get out of all it's lawsuit problems but I can't imagine any developments along those lines that would break the up-trend in its stock. These events do frequently cause a consolidation or sideways movement in a stock until the next earnings report. Volume may stay high, but I don't think it will it drop too much. A pulback to 16 1/2 as you predict is not unreasonable. In fact, if the market sells-off big time today again, I would expect it. Hope for the best, plan for the worst.
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