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Technology Stocks : Wind River Systems - Technical Analysis

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To: Ronald Paul who wrote (43)10/15/1997 3:05:00 PM
From: Mitchell Jones   of 431
 
Ronald,WIND is not "selling off"... in fact a rally is in progress today.

We are between earnings and even though the story only gets better,there is not enough buying pressure to push the stock price up at the moment. It seems to be stuck in a range of $38 to $44 and will have to build some momentum to break out---which it will do.

Until then,we wait and watch and enjoy the knowledge that the longer we base in this range the bigger will be the up-move when it comes.

No insider selling has been reported recently:

insidertrader.com

Several WIND insiders are diversifying their portfolios and do (misguidely) sell some stock on occasion-- their genius lies in the in the science of embedded systems,not investing.That has nothing to do with the performance of the stock at the moment.

Mitch
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