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Technology Stocks : Wind River going up, up, up!
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To: Jason Cogan who wrote (2667)1/15/1998 12:20:00 PM
From: Peter Church  Read Replies (2) of 10309
 
>>Better to take money off the table now.>>

I can't imagine that many large players with short term perspectives are still interested in this stock. The trading action has been boring for the past six months, so momentum players have probably gone away. The short interest is up from about 1 day's average trading volume to 3 day's average volume over the past year. So, short interest has tripled. Short players are probably looking at the PE of 60 compared to the 25% price appreciation in the past year and thinking that the stock is overvalued or that big competition is ready to weigh in. However, they can't be too sure of themselves with the uncertainty of I2O hanging out there. Also, trading volume almost doubled in the last year. Anyone know why? At a average daily trade value of over $10,000,000, where does WIND fit in a stock manager's portfolio? Micro-cap?

Generally, the whole market has been scary recently. If things get really scary, I expect WIND to sink with the rest of the fleet, at least temporarily, until some really good news hits the street. Mitchel Jones (Post # 93-TA thread) gave us a trading range of 30 to 37. Looks like that is where we are stuck for the moment. Remember too, that S and P rated WIND's note at a B-. "..(WIND).. is still a small participant in its industry, with competition from several larger companies."

exchange2000.com

Any ideas on when we may expect to break out and up?
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