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Technology Stocks : Wind River going up, up, up!

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To: Diana who wrote (2334)11/3/1997 9:42:00 PM
From: Snowshoe  Read Replies (1) of 10309
 
>>I wish Mr. Abelmann could have said something more in the cheerleading vein<<

I respectfully disagree. Ascend Communications is a perfect example of what happens when management gives in to the temptation to engage in excessive cheerleading. It is now just another broken-down former momentum stock.

Mr. Abelmann is doing a good job of navigating in a market that it is at the upper range of historical valuations. As Allen Benn has argued, management should avoid a situation where investors feel forced to sell the stock due to extreme valuation.

Long on WIND
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