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Technology Stocks : Wind River Systems - Technical Analysis

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To: carolyn walder who wrote (92)1/14/1998 9:05:00 PM
From: Mitchell Jones  Read Replies (2) of 431
 
Carolyn, I believe Ramsey Su re-committed some of the cash he raised prior to his vacation. Someone bought 433,800 shares @15:51 hours and Allen has already indicated he has enough WIND.The buy was made at a price of 35 7/8 when the bid stood at 35 1/2 and the ask was 36.

The buy had little impact on the price since it occurred so late,but quantities like that can sure lower the overhead supply!

WIND's candle today is a hammer and ,in an up-trend would be called a "Hanging Man"--Bearish as the name implies.This sign was common in the market today(even the Nasdaq index formed this candle) and may indicate some backing and filling is about to occur.

Mitch
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