Wonderware (WNDR) Message Board

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Technology Stocks : Wonderware (WNDR)

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To: John D. White who wrote (691)	8/14/1997 8:16:00 PM
From: Gary Strike	of 954

Not quite sure what to make of the action yesterday. The runup was somewhat representative of the market in general. Strong rally on the open followed buy some cautious selling. Distribution? I don't think so. MM manipulation? possibly, but these tactics can be used to generate selling as well as buying, as investors see 19 3/8 profits dwindle to 18 1/8. I wish I had a nickle for every investor who has exited this market at the perceived top only to buy back in down the road, or "Gold will never fall below $400/ounce). As Martin Zweig said "Don't fight the interest rate trend". Seems to be some solid support at 18 1/4. Reminds me of diciplined limit buying we saw earlier this year at 9. I'm looking for 24 (32%) within 6 months. Good luck tomorrow.

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