Wind River going up, up, up! Message Board

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

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To: Allen Benn who wrote (11)	2/29/1996 12:44:00 AM
From: Stephen M. Neal	of 10309

Allen, my brother-in-law bought WIND at 7 because of an article he read in the Economist a long time ago. However, the stock went sideways for so long that he decided it was a dog and sold it. I have done that before myself, so I developed two rules about trading ranges. Let's assume a stock trades between 5 and 9. You could either buy at 5 or wait until it clears 9 and then buy it. The second is my preference for this reason. Once the stock has cleaned out all the sellers at that level, there will be only buyers and the stock will start to move quickly up developing a trend and that breakout point will become support under the market. This is only my preference, but it helps to prevent you from having long periods of "dead money."

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